Young Journalists Club | Latest news of Iran and world

News ID: 5984
Iran » Iran
Publish Date: 18:44 - 10 January 2015
Tehran, YJC. In a meeting with economic officials and businessmen from Kuwait, Iran's Economic Affairs and Finance Minister Ali Tayyebnia talked aboutways to promote bilateral trade between the two countries.

In the meeting which was held on Friday in Kuwait Chamber of Commerce and Industry (KCCI), the Iranian official pointed to the close political ties between Iran and Kuwait and reiterated that the relations were based on friendship, brotherhood, and good neighborliness.

Nonetheless, he asserted that given the 2 countries’ great potentials in the sphere of economy, the volume of mutual trade between the two does not reflect the close political ties between Iran and Kuwait.

The two countries’ trade stood at $187 million in 2012 and this figure fallen to less than $154 million in 2013.

Tayyebnia added that the figures are very low if compared to Kuwait’s volume of trade exchange with the world.

"The private sectors of the 2 countries, in particular the chambers of commerce, can play some active role in boosting mutual economic relations, especially in the sphere of investment,” he pointed out.

Providing comments on various advantages of investment in Iran, he assured the Kuwaiti businessmen that Iran enjoys one of the world's most stable economies and it, nonetheless, has the lowest external debt to GDP ratio.

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