Business san frontières: Iran, Iraq and Syria agreements
Iran, Iraq, and Syria have signed a memorandum of understanding to expand cooperation through boosting transit of goods through joint borders, the Fars News Agency quoted Iranian Deputy Roads and Urban Development Minister Shahryar Afandizadeh as saying.
The agreement was inked last week in Tehran, Afandizadeh said, adding that official of the three countries agreed to facilitate border trade and expand border terminals.
Another agreement will be signed in the near future by Iran, Uzbekistan, Turkmenistan, Oman, and Qatar in order to boost transit of goods from Chabahar Port to the CIS countries, he noted.
In October, 2012, Afandizadeh said that the volume of transited goods via Iran has increased by 75 percent compared to four years ago.
Afandizadeh told IRNA that over 5.8 million tons of goods were transited via Iran in the first half of the current Iranian calendar year, which began on March 20, showing 25 percent growth year on year.
He added that 2.4 million tons of the transited goods were oil products and the rest were non-oil products.
The highest volume of the transited goods was related to transiting 1.8 million tons of goods from Iraq to the UAE.
Afandizadeh said that more than 100 countries are currently transiting their goods via Iran.
- The tip of the iceberg: Gaza War to 'leave a dent' in the Israeli economy
- Starting with fewer power cuts, what has Eid brought to the Egyptian economy?
- From escaping to winning: the story of the Lebanese who are 'making it big' in Brazil
- A will with no way: Egypt's charitable spirit dampened with economic hardship
- OPEC exports largest share of petroleum to Asian and Pacific countries in 2013