Efforts to open a business office between Iran and Singapore

Efforts to open a business office between Iran and Singapore
  • 2021-05-15
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Chairman of the Iran-Singapore Joint Trade Committee: In recent years, the trade balance between the two countries has been largely in favor of Singapore, and in recent years, Iran's exports to Singapore in non-oil items have been limited to a small amount of nuts, pistachios, figs and dates. Is.

According to the International Iranian Stone Exhibition, Amir Houshang Birshak said about the trade process between Iran and Singapore: ‌ Singapore is the most developed member country of "ASEAN" which has achieved great success by using re-export in its field of foreign trade. In recent years, the trade balance between the two countries has been largely in favor of Singapore, and in recent years, Iran's exports to Singapore in non-oil items have been limited to a small volume of exports of nuts, pistachios, figs and dates.

He added: During the 12 months leading up to 1398, Iran's imports from Singapore were about 531 million dollars and compared to the 12 months leading up to 1397, there was a decrease of more than 300 million dollars for imports. One of the main reasons for this drop was international sanctions against Iran.

The head of the Iran-Singapore Joint Trade Committee, referring to the plans for the development of relations between the two countries, said: "One of the plans for the development of relations between the two countries and the development of trade relations is to establish relations with organizations and institutions in charge of Singapore economic relations." Which is aimed at signing a memorandum and starting joint cooperation.

He added: ‌ In addition to other programs such as setting priorities for cooperation with organizations in charge of trade development in the two countries, identifying and preparing a database of Iranian economic actors in Singapore to support them and identify the existing space and its development, as well as facilitate He mentioned the financial relations between the two countries and the development of the necessary infrastructure for a clean solution.

He added: "Developing a comprehensive plan in the field of mutual tourism and facilitating cooperation in this field is another plan to develop and plan to open a business office in the two countries with the aim of facilitating relations and development, one of the main goals of this Commercial offices are the development of cleanliness issues.

"Other programs are on the agenda, such as setting up a long-term co-operation plan between 5 and 10 years, with the aim of co-production under the Singapore license or co-branded production," Birshak said. In addition, in order to expand relations, according to the Memorandum of Understanding between Singapore and the Eurasian Union, and on the other hand, Iran's presence in this union is a critical opportunity to expand economic relations between Iran and Singapore and be considered.