Isfahan, Hong Kong discuss boosting trade ties

Members of Isfahan Chamber of Commerce, Industry, Mine and Agriculture met with a group of businessmen from Hong Kong on Tuesday evening to discuss venues for bilateral trade.

Vice President of Isfahan Chamber of Commerce Ghasem Ali Jabbari noted “Isfahan welcomes foreign investors especially from Hong Kong in mine, banking, insurance, hotel construction and tourism sectors.”

“Development of railway and urban railway in Isfahan also possesses great potentials for attracting investment,” Jabbari continued.

Head of Hong Kong Trade Institute Peri Fung deemed Isfahan as a major and historical city with great investment capacities; “Hong Kong also marks a large economic zone where companies can be easily established in the shortest time.”

Fung went on to state “US is the biggest foreign investor while China is the biggest country open to foreign investment in the world and Hong Kong is the second country in the world regarding attracting investment.”

He emphasized that the trip aims at getting information to develop economic ties.

Later at the meeting, Director General of Customs Office of Isfahan Province Assadoallah Ahmadi Vanhari said that exports Isfahan’s customs were about $1.3b last year.

Ahmadi Vanhari added “Isfahan province exported products to 58 world countries while the goods mostly consisted of oil and petrochemical products, iron, cast iron, steel, hand-made and machine-made carpets, dairy, as well as agricultural products.”

Hong Kong’s trade and economic delegation, who had previously made visits to Iranian provinces of Tehran and Mashhad, is active in different fields such as clothing, textiles, food and beverages, construction and tourism, tourism industry management, electronic trade, leather, fashion, construction of energy storage facilities, sewage system, packaging and banking.

Based on statistics announced by official sources, Iran’s exports to Hong Kong consisted of dried fruit, chicken and food, leather and skin, polymers, iron ore, building stone, plastics, and petrochemicals.

Imports from Hong Kong consisted of computer parts and office supplies, telecommunication equipment and the related parts, clock, radio, tape, electrical machinery and spare parts, cloth, home appliances and electronic circuits.

Over 80% of Iran’s exports to Hong Kong are related to dried fruits.