Iran, Russia trade enjoy capability to hit USD10b

(MENAFN) Iran and Russia are able to achieve a significant boost in their bilateral trade volume to hit USD10 billion, suggested Chairman of Iran-Russia Joint Chamber of Commerce Hadi Tizhoush Taban on Saturday.

So far, bilateral trade volume between Iran and Russia stand at USD2 billion per year, the chairman pointed out.

Innovative strategies ought to be assumed for exports to Russia to see an increase after sanctions were imposed, the chairman affirmed.

Referring to a deal between Iran and the Eurasian Economic Union (EEU) on the Islamic Republic membership, Taban noted "this important issue was raised in the Iranian Parliament. Once this agreement is approved in the Parliament, it can facilitate presence of Iranian merchants and traders in Eurasian market, consequently, problems facing Iranian merchants for exporting their products to Eurasian countries will be resolved."

MENAFN1304201900450000ID1098385072