(MENAFN) Scientific and Economic Cooperation Meeting among Iran and West African nations (IRAN WAC) started in Tehran on Monday and is going to end on Wednesday.
Talking about the opening day of the meeting, Mohsen Rezaei, the Iranian vice leader for financial affairs, stated that the significance of growing exchange among Iran and the stated nations, and stated that “We can establish large multinational commercial companies in cooperation with each other and increase our share of international trade; What Europeans and Americans do and are proud of.”
“My suggestion is to establish a joint bank of Iran and Africa; A bank that can have bilateral accounts; It means that capital should be allocated by the countries in the opposite country so that the traders of the other parties can do business with the common currencies of the countries without depending on dollars and euros. The joint bank of Iran and Africa can be a good starting point for the development of cooperation”, the representative additionally elaborated.
Moreover, the chief of Iran’s Trade Promotion Organization (TPO) asserted: “The African continent has a lot of potential in the field of trade and economy for our country, which has been neglected in the past years.”
Making the comments on the offshoots of the stated event, Alireza Peyman-Pak mentioned: “In the 13th government, special attention was paid to the African region, so that Iran's exports to African countries experienced a growth of 10-15 percent and exceeded 1 billion dollars and reached 2.10 billion dollars.”
Talking about the prospects of West African nations, the official added: “Most of our trade has been with East and North Africa, and trade with West African countries, which are an important place of mineral resources and high potential, has been neglected.”
“One of the obstacles in trade with West African countries was the lack of recognition and communication; so steps are taken to develop trade in today's international economic conference, which is held with the presence of 50 officials and entrepreneurs from 10 West African countries”, the TPO chief additionally underlined.
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