Nov 23, 2023, 12:12 AM
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News ID: 85300345
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Tehran meeting assesses trade opportunities with Saudi Arabia

Nov 23, 2023, 12:12 AM
News ID: 85300345
Tehran meeting assesses trade opportunities with Saudi Arabia

Tehran, IRNA – Officials from Trade Promotion Organization of Iran (TPOI) and representatives of the private sector have held a meeting to identify and assess trade opportunities between the Islamic Republic and Saudi Arabia.

The meeting took place in the capital Tehran on Wednesday, according to TPOI.

Mohammad Sadeq Qannadzadeh, a senior official at the organization, said that proper planning is need in order for the removal of obstacles in the way of trade ties between Tehran and Riyadh, given the fact that their relations have been resumed following a years-long halt.

He said that an initial agreement has been reached with the Saudi ambassador to Tehran that the process to develop mutual trade and economic ties is implemented within stages.

At the first stage, the first meeting of Iran-Saudi Joint Economic Commission will be held in Tehran, the official said without specifying the date of the meeting. He added that a second meeting would most likely happen in Saudi Arabia.

The next stage would see trade delegations from both sides taking part in exhibitions held in the two countries, according to the official.

Iran and Saudi Arabia resumed their diplomatic ties in March 2023 under a China-brokered deal. They had cut relations in 2016 over protests in Iran against the kingdom’s execution of prominent cleric Sheikh Nimr al-Nimr.      

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