Iran, Russia to Strengthen Private Sector in Bilateral Trade

Chairman of Iran’s Chamber of Commerce Gholamhossein Shafei and his Russian counterpart Sergey Katyrin, in a late Saturday meeting in Tehran, exchanged views on mutual coordination for holding annual Iran-Russia Trade Conference was the most significant topic discussed during the meeting, he said.

Noting that holding the event plays a crucial role in strengthening economic cooperation between the two countries, Katyrin said that holding last year’s conference hosted by Iran brought suitable feedbacks from the participants.

He further maintained that oil and gas, agriculture, foodstuff, transportation and logistics are among the topics which can be discussed during the upcoming Iran-Russia Trade Conference.

Shafei, for his part, said that US sanctions have created new conditions for the two countries’ economic activists which should be used.

During the meeting, it was also agreed Iran-Russian Trade Conference be held in Saratov, Russia in July 2019.

Russian officials have repeatedly voiced their country's willingness in different occasions to broaden bilateral ties with Iran.

In late August, Russian Deputy Defense Minister Alexander Fomin told his Iranian counterpart Brigadier General Qassemi Taqizadeh in Moscow that his "country is resolved to broaden defense cooperation with Iran".

Before that, Chief of Staff of Iran's Armed Forces Major General Mohammad Hossein Baqeri and Russian Deputy Defense Minister General Valery Gerasimov in a meeting in Tehran discussed expanding mutual cooperation, especially in military and defense fields.

Expansion of Iran-Russia relations has gone smoothly in the past years as the two sides have held a wide gamut of ties in the fields of energy, rail and aviation industries.

Iran exported close to $300 million worth of non-oil goods to Russia during the past Iranian year (March 2017-2018).

Food products accounted for 70% of the exports to the northern neighbor. Metal, cement, chemical materials and minerals were among other commodities exported from Iran to Russia. Reportedly, 14 Iranian chambers have offices in Russia.

In the last several years, Iran and Russia have had vast cooperation in different fields, especially in political and economic spheres.

The two states also enjoy special positions on the international scene and have long had constant and regular consultations on key regional and global issues.

On November 23, President Putin arrived in Tehran to meet Iran's top officials and participate in the Gas Exporting Countries Forum (GECF) conference.

Upon arrival in Iran, he rushed to meet Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei that lasted for two hours. Then later in the day he met his counterpart President Rouhani and the two presidents also attended a press conference.

Also on November 23, high-ranking Iranian and Russian officials inked 7 cooperation Memoranda of Understanding (MoU) in the presence of President Rouhani and President Putin.

One of the documents endorsed by Iranian and Russian top diplomats Mohammad Javad Zarif and Sergei Lavrov eased visa requirements for reciprocal visits by the two countries' nationals.

The other documents and MoUs were related to the health, railway, banking, insurance, electricity, power plant, water, and energy sectors.