IFP Exclusive

Iran sets $200bn target for trade with neighbors

Iranian parliament speaker says the Islamic Republic has the capacity to increase its trade exchange with its neighboring countries to 216 billion dollars a year and sounded upbeat to hit the target despite sanctions.

Mohammad Bagher Qalibaf, who is visiting Uzbekistan at the head of a delegation, made the remarks in a meeting with Iranian businesspeople in Uzbekistan on Wednesday on the second day of his trip.

Qalibaf stressed that Iran seeks to further expand its economic relations with its neighbors in the 7th Development Plan, a goal emphasized by the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei.

He praised the private sector as the vanguard of economy and said the government has adopted policies to facilitate trade in the sector.

The Iranian parliament speaker also said Iran and Uzbekistan have to design a logistic hub to facilitate trade between the private sectors of both countries.

Meanwhile, deploring that the US-speared sanctions have acted as hurdles and hampered some companies’ activities, Qalibaf said there are some strategies to bypass the punitive measures.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

At least 4 killed, several injured in attack on aerospace firm in Turkey

At least four people have been killed and 14 others wounded in an attack on…

7 hours ago

Xi advocates high quality development of greater BRICS collaboration

Chinese President Xi Jinping has called on BRICS member states to work for high quality…

8 hours ago

Iranian presiden meets Putin, urges deeper Tehran-Moscow cooperation

Iranian President Masoud Pezeshkian has told his Russian counterpart Vladimir Putin that Tehran hopes to…

8 hours ago

Ayatollah Khamenei says struggles of Hezbollah, Hamas leaders changed fate of region

Leader of the Islamic Revoluiton Ayatollah Seyyed Ali Khamenei has stated that the struggles of…

8 hours ago

Iranian MP demands Russia deliver missile shields under mutual agreement

An Iranian MP has called on Russia to deliver the S-300 and S-400 anti-missile systems…

11 hours ago

Putin says share of BRICS member states in global economy to total 36.7% in 2024

The share of BRICS states on a purchasing-power basis in global economy will total 36.7%…

12 hours ago