• Wed / 29 July 2020 / 13:19
  • Category: Politics
  • News Code: 99050805980
  • Journalist : 71477

South Korea, Iran to hold talks on expanding humanitarian trade

South Korea, Iran to hold talks on expanding humanitarian trade

Tehran (ISNA) - South Korea was set to hold virtual talks with Iran later Wednesday about expanding humanitarian trade like medicine exports, following the first such shipment to Tehran in May.

The discussion will focus on how to match Iran's demand for medicine and medical equipment with what South Korean exporters can offer, South Korea’s Foreign Ministry said in a release.

Lee Seong-ho, deputy foreign minister for economic affairs, will lead the South Korean side comprised of officials from other ministries and trade agencies. Among the Iranian officials attending the meeting will be Mohammad Reza Shannehsaz, head of Iran's Food and Drug Administration, and its central bank officials.

In May, Iranian Foreign Ministry had said that preliminary steps were taken to set up a channel to allow Iran to use its funds in South Korea to buy humanitarian goods. Weeks later South Korea’s Foreign Ministry said Seoul was sending $500,000 worth of medicine to Iran, Yonhap reported.

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