Iranian Economy Minister travels to Saudi Arabia to boost trade

According to Iranian state television, Economy Minister Ihsan Handuzi announced at a press conference in the capital Tehran that he will visit Saudi Arabia next month to improve economic relations between the two countries.

Handuzi said that after the restoration of diplomatic relations between Iran and Saudi Arabia after 7 years, they plan to increase the trade volume with this country to more than 1 billion US dollars in the first stage.

Economy Minister Handuzi, when asked about the establishment of a joint chamber of commerce between Tehran and Riyadh, said: “The establishment of a joint chamber of commerce between Iran and Saudi Arabia is on the agenda. The Trade Development Organization is about to finalize the road map for the revitalization of economic relations between the two countries.

THERE ARE PLANS TO IMPROVE TRADE

Noting that they will announce the schedule of the “joint economic commission” between Iran and Saudi Arabia in the near future, and that the two countries have various plans to revive and develop their economic relations, Handuzi said: “I will visit Jeddah in Saudi Arabia. Saudi next month and I will meet my Saudi counterpart (Muhammad al-Adha).Cadan) said he will meet.

Riyadh and Tehran agreed to the resumption of diplomatic relations within two months through Chinese officials in Beijing on March 10, after a 7-year hiatus.

DIPLOMATIC RELATIONS WERE FIXED

Iranian Foreign Minister Hussein Emir Abdullahiyan and Saudi Foreign Minister Faisal bin Ferhan also met in Beijing on April 6 and agreed to reopen the embassies of the two countries, resume flights between the two countries and facilitate of visas.

In the joint statement issued after the first official meeting at the level of foreign ministers between Tehran and Riyadh in 7 years, it was stated that the two countries agreed to expand cooperation in all fields. (AA)