An official with the Hong Kong Trade Development Council (HKTDC) said closer business ties with Iran following a lasting nuclear deal between Tehran and world powers would enable the city to tackle the downturn in the seaborne sector.
“A lot of people have been dealing with Iran through third parties,” said Stephen Wong of the HKTDC. “Now that sanctions are taken away, Hong Kong will benefit … I’m sure that the trade will grow.”
He further said that freight activity with Iran was expected to include multiple areas such as food products and consumer goods.
Hong Kong, one of the world’s biggest container ports, expects to benefit from China’s new Silk Road initiative aimed at developing trade and transport links across Asia and beyond.
In 2013, Chinese President Xi Jinping introduced the new “Silk Road Economic Belt and the 21st Maritime Silk Road” initiative to connect stronger logistics networks with Asia, Africa and Europe by building more roads, railways and airports.
The European Union on Monday announced sanctions on Iran’s shipping lines over claims Tehran has…
Iran’s Police Chief Brigadier General Ahmadreza Radan says the country has deported 800 thousand illegal…
The Kremlin has announced that US President Joe Biden’s outgoing administration wants to escalate the…
A deputy Iranian foreign minister has stated that any bids by the administration of US…
A former member of Iran's parliament has highlighted the importance of economic incentives in shaping…
An Iranian software engineer has tendered his resignation from Google in response to the company's…