TPOI Plans to Boost Trade Ties With African Countries

Date: 10 June 2022 - 21:49

News ID: ۱۰۳۴۹۷

TEHRAN – The deputy head of Trade Promotion Organization of Iran (TPOI) for Export Markets Development Affairs Seyyed Ahmad-Reza Alaei Tabatabaei has said that the TPOI is planning to boost trade ties with African states using a barter mechanism.
Alaei Tabatabaei said that equipping exports infrastructures and strengthening active presence of commercial envoys in African continent have been put atop agenda of the TPOI.
Turning to the TOPI programs to take advantage of trade and economic capabilities of African Continent during the 13th government under President Raisi, he said that bolstering logistics infrastructures especially maritime logistics is one of the man prerequisites for boosting trade with African states.
Establishing regular shipping lines, which have recently been witnessed in East Africa and needs to be strengthened, must also be implemented in West Africa, he added.
Elsewhere in his remarks, Alaei Tabatabaei pointed to country’s high capacity in the field of exchanging goods with African states through bartering mechanism and added, “Given the establishment of infrastructures and implementation of bartering platform by the Organization with some countries, it is hoped that such infrastructure would be implemented in African countries.”
Turning to the high capacities and potentials of the country in the field of exporting technical and engineering services, he emphasized that some African countries are the most important importers of technical and engineering services, so that this issue has recently been taken into serious consideration in the country.
He then referred to 45% growth in Iran’s export of products to African states and noted that Ghana is currently Iran’s first export target market, followed by South Africa and Nigeria in 2nd and 3rd places, respectively.