Britain to Sign Trade, Investment Agreements with Iran

Published June 25th, 2000 - 02:00 GMT

An official British trade delegation arrived in Tehran on Saturday and discussed with Iranian officials ways of enhancing trade investments between the two countries, reported Iran News Agency (IRNA). 

The agency quoted a British official as saying that in view of positive trends in bilateral relations, Iran's free trade zones are a favorable place for joint investments.  

He also said that Iran could generate employment through investments and economic growth.  

The official reiterated that Iran is one of Britain's largest trade partners, adding, the total volume of British exports to Iran stood at 63.6 million pounds in January and March and its imports were 9.3 million pounds in the same periods.  

He further stated that British exports to Iran were 206.8 and 153 million pounds in 1998 and 1999, respectively, adding, “imports from Iran registered 22.6 million and 22.8 million pounds in the same periods.”  

An Iranian trade ministry official said that Iran is ready to cooperate with British companies in investments, marketing, and technical fields, so that balance could be struck in bilateral trade, according to the agency – Albawaba.com  

 

© 2000 Al Bawaba (www.albawaba.com)

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