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Iran, Kazakhstan Eye $1bln Trade: Deputy Minister2016/04/13

TEHRAN (Tasnim) – After several meetings between a high-ranking Kazakh delegation and their Iranian counterparts, an Iranian official announced that Tehran and Astana are seeking to raise the volume of their annual trade exchanges to 1$ billion.

The meetings took place during the Kazakh President Nursultan Nazarbayev’s official visit to Iran.

Heading a high-ranking delegation, Nazarbayev arrived in Tehran on Monday morning.

Dozens of memorandums of understanding (MoUs), documents and contracts were signed between Tehran and Astana on the first day of the official visit.

“Kazakhstan needs the presence of Iranian companies in its infrastructures, and I believe it would count as a good market for our country’s technical and engineering services,” Iranian Deputy Minister of Industry, Mine, and Trade Valiollah Afkhami Rad said.

The two countries aim to increase the value of their trade exchanges to $1 billion, said Afkhami Rad, who is also Head of the Trade Promotion Organization of Iran.

He quoted the Kazakh president as saying that there are various grounds for cooperation among the two countries.

Nazarbayev also invited Iranian companies to work with Kazakh frims in such fields as extra-territorial cultivation of agriproducts and mining, he went on to say.

The Kazakh president in his stay in Tehran held a meeting with his Iranian counterpart, during which President Hassan Rouhani called for efforts to facilitate free trade with Kazakhstan and other Eurasian countries.

President Rouhani in an address to a joint meeting on Monday voiced Iran’s determination to enhance its ties with Kazakhstan.

Stressing the need for closer trade cooperation and banking relations between Tehran and Astana, he said developing transportation and linking the two countries’ railroads together will help to promote bilateral trade and regional transit of goods.

The Kazakh president, for his part, highlighted the influential role that Iran can play in the settlement of disputes among Muslim countries and in the fight against terrorism.

Nazarbayev also expressed Kazakhstan’s support for Iran’s membership in the Shanghai Cooperation Organization (SCO) and the Eurasian Economic Union (EEU).