• Fri / 29 May 2009 / 15:25
  • Category: Economy
  • News Code: 8803-04729

Iran devises a package to expand exports to Africa

TEHRAN (ISNA)-The Director General of Iran's Trade Development Organization for Arab and African countries said Iran has devised a package involving 48 projects to expand exports to African countries. Speaking at Iran-Africa cooperation seminar on Friday, Hossein Hosseini referred to rich petroleum and mineral reserves in North African states and said Iran is seeking to raise its trade share with Africa. The package involves plans on transportation, aerial transportation companies and establishment of joint banks. Iran has selected 21 African states for cooperation, he said adding some of them including Algeria, Tunisia, Kenya, Senegal and Ivory Coast can act as a gate for Iran's presence to other African states. Iran exporting 900 million dollars technical and engineering services to Africa has increased the volume of exports to the continent by 3 times. Iran’s trading exchanges with African countries have increased to more than 500 million dollars mostly including tar, natural gas, industrial oil, carpet, cement, handicrafts and sulphur. End Item
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