Iran considering steps to open up domestic market
Iran is “seriously considering” membership to the World Trade Organization (WTO), IRNA has reported. Speaking at the inauguration of Iran’s Permanent Trade Center in Shanghai, Iran’s ambassador to China, Mohammad Hossein Malaek, said that with the dawn of the new millennium and age of electronics, “new challenges are facing Iran.”
Meanwhile, relations between Kuwait and Iran are improving, on both the political and economic fronts. In 1999, trade totaled $100 million, a 22 percent increase over 1998. Presently, Kuwait ranks third in trade with Iran in the Arab Gulf, behind the United Arab Emirates and Saudi Arabia.
Recent events, such as a number of fairs held in Kuwait and the Tehran International Trade Fair, proved that businessmen from both countries are serious about improving relations between the two countries.
Iranian Commerce Minister, Hossein Qasemi, also told IRNA that Iran was planning to attend conferences and fairs in both Iraq and France in the upcoming months. Furthermore, Qasemi said that Kuwait has been invited to participate in an exclusive trade exhibition in Iran. — (Albawaba-MEBG)