Allocation of a € 200 million credit line to expand exports to Africa
Director General of the Arab-African Office of the Trade Development Organization: The grant of a € 200 million credit line to African countries from the $ 2 billion export facility approved by the National Development Fund was approved.
According to the Iran International Stone Exhibition, Farzad Pilten, Director General of the Arab and African Office of the Trade Development Organization of Iran, wrote in a note: Iran, within the framework of the Economic Commission of the African Headquarters, has approved a 200 million euro credit line to African countries from the $ 2 billion export facilities approved by the National Development Fund, in the board of directors of this fund and is scheduled to be approved at the next meeting of the African headquarters. The presidency of the First Vice President will be notified to the relevant agencies in March for implementation.
Of course, despite all the opportunities and fields, the development of economic and trade cooperation with Africa with some problems such as lack of program, recognition and interest of private sector organizations such as chambers of commerce and chambers as well as trade unions and organizations as well as businesses operating in Africa. The existence of appropriate infrastructure and the lack of government resources and facilities is expected to be gradually resolved with the implementation of the above program.
Accordingly, within the framework of the above program, revitalization of activities, events and trade relations with the African continent in the post-corona and post-embargo period, solving problems of trade relations development such as transportation and banking, providing new facilities such as credit line in cooperation with the National Development Fund. Previous support for economic and commercial actors in the field of marketing, such as holding exhibitions and exchanging trade delegations with African countries, using new strategies and methods of entering African markets such as purification and strengthening coordination between domestic institutions through regular meetings of the African Economic Commission The work of the Trade Development Organization of Iran will be.
In this regard, various measures and activities such as holding three joint economic commissions, eight joint trade committees and four joint industrial committees with African target countries under the responsibility of the Ministry of Industry, Mines and Trade, participation in 10 economic commissions under the responsibility of other ministries with African countries. 10 exclusive exhibitions in 10 African countries, participation in 10 international exhibitions of African countries, sending 10 trade delegations and receiving 30 trade delegations from African countries at the same time as our country's international exhibitions, holding 18 national tables introducing opportunities and fields and problems and export development strategies to 18 African country with the presence of our ambassadors and business advisers in Africa, supporting the establishment of 10 business centers by the private sector in 10 African countries, inviting officials from 16 African countries and pursuing the establishment of 10 joint trade councils with 10 African countries by the Iranian Chamber of Commerce and follow-up Timely and appropriate credit line to the African continent, holding quarterly meetings of the African Commission Economic Commission, pursuing the establishment of direct shipping lines to North and South Africa and line development East Africa to South Africa and the pursuit of direct air routes to Africa is envisaged.
The goals and activities of this program, which are predicted by realistic analyzes and capacity assessments, are to be obtained after obtaining the opinions of members and approval in the Economic Commission of the Africa Headquarters, with the cooperation of the Ministry of Foreign Affairs, especially the Iranian embassies in Africa and the Chamber of Commerce and Export Organizations. And other institutions involved to reach the executive stage.
