Iran sets goal to reach USD1 billion in annual trade with Qatar
Date
11/27/2024 3:31:42 AM
(MENAFN) Iran's Trade Promotion Organization (TPO) has set an ambitious goal to reach one billion dollars in annual trade with Qatar. Mohammad-Ali Dehghan Dehnavi, the head of the TPO, expressed hope that economic cooperation between Tehran and Doha would see an upward trend, particularly through the upcoming meeting of the two countries' Joint Economic Committee. During an online meeting with Saleh Alkhulaifi, Qatar's deputy Industry and Commerce minister, Dehghan Dehnavi highlighted the importance of facilitating trade between the two nations, acknowledging their strong political and cultural ties. However, he pointed out that despite these relations, the economic exchanges have yet to reach the desired level.
The TPO head further explained that Iran's main exports to Qatar are fruits and food products, but these items alone are unlikely to push bilateral trade to the one billion dollar target. He emphasized the need for a more diversified trade strategy and a coherent work plan to overcome existing challenges and boost trade volumes. Dehghan Dehnavi made it clear that the Iranian government is actively working to address the obstacles hindering trade expansion with Qatar.
On the Qatari side, Alkhulaifi acknowledged the impact of strict customs regulations on trade, which apply to all countries, not just Iran. He assured that efforts would be made to expedite the clearance of Iranian goods at Qatari ports and to simplify the visa process for Iranian businessmen. Alkhulaifi expressed optimism that these steps would contribute to achieving the goal of one billion dollars in annual trade between the two countries in the near future.
Both sides appear committed to overcoming existing hurdles and enhancing economic cooperation, with Iran focusing on developing a more strategic approach and Qatar working on facilitating smoother trade procedures. The success of their efforts could significantly strengthen the economic ties between Tehran and Doha, aligning with broader regional economic goals.
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