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South Africa keen on boosting trade with Iran

Category: News

Trade exchanges via small and medium sized economic enterprises can help Tehran and Pretoria evade unilateral US sanctions, said South Africa's Ambassador to Iran.

 

 

According to Reporters, Vika Mazwi Khumalo said in a meeting on Thursday with the Governor General of Yazd Province Mohammad Ali Talebi, "One of the ways to bypass US sanctions is to conduct trade through small and medium economic enterprises which are not within the range of sanctions."

He added that culture and trade provide golden opportunities for promoting communications between the two countries and investment in the industrial province of Yazd.

Referring to the registration of some of historic sites in Yazd as UNESCO World Heritage as well as the existence of huge mines across the province, he said that all these capacities can help promote communications between the two nations.

The South African diplomat highlighted that Iran boasts excellent capacities in various sectors which can be used for promoting trade exchanges between the two countries.

Talebi said that there are common aspects between Yazd and South Africa which should be used for expanding ties.

Establishing sisterhood agreement between Yazd and one of the South African cities can also help strengthen communications between the two countries, he added.

He proposed that agreements should be signed between Iran and South Africa as this can play a crucial role in promoting ties.

On Tuesday, Khumalo said that the unilateral US withdrawal from the Joint Comprehensive plan of Action (JCPOA), also known as the nuclear deal, will not scale down his country's economic, commercial and cultural cooperation with Iran.

Promoting tourism is one of the effective areas for economic growth, Khumalo said in a meeting with Governor General of Iran's central province of Isfahan Abbas Rezaei.

Underlining the need for establishing direct flight between the two countries, he said, "Although there are economic and international limitations in the field, we are seeking to solve the problems."

Last month, Khumalou, in a meeting with Chairman of the Iranian Parliament's National Security and Foreign Policy Commission Heshmatollah Falahatpisheh, said that his country is determined to strengthen relations with Iran.

He stated that his country was aware of Iran's fulfillment of Joint Comprehensive Plan of Action (JCPOA) commitments and continued to maintain support the deal and its implementation.

"South Africa has always had friendly ties with Iran since the (1979 Islamic) Revolution, and has never forgotten Iran's support for the liberation of its people," he highlighted.

The diplomat noted South Africa seeks to expand cooperation with Iran in the commercial and economic fields, and in this regard, in addition to emphasizing the importance of the implementation of the agreements, also calls for cooperation in other areas in which the two sides have high capabilities and capacity.

In the meeting, Falahatpisheh referred to friendly relations between Iran and South Africa, and said, "After the Islamic Revolution, Iran-South Africa relations have been pursued at a high level, based on mutual respect which must be maintained with the efforts of the authorities of the two countries."

The lawmaker added, "One hundred documents of cooperation between Iran and South Africa have been signed, which is evidence of friendly relations between the two states, but the two countries' agreements should be executed and not remain on paper."

 

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Iran, India sign deal to promote economic cooperation

Category: News

Iran and India sealed a deal to promote cooperation on entrepreneurship with a special entrepreneurship center to be opened in Tehran.

 

Director General of the Omid Entrepreneurship Trust of Iran Asghar Nourollahzadeh and Head of Entrepreneurship Development Institute of India Senile Shukla signed the deal $2 million in Hyderabad, India, on Thursday.

Based on the memorandum, which was signed on the sidelines of the biennial conference on the development of entrepreneurship in India, the special entrepreneurship center for small- and medium-sized enterprises of India-Iran will be created in Tehran.

Providing specialized training courses, sharing knowledge to identify entrepreneurship capacities, implementing entrepreneurship development and microfinance programs are the central tasks of this center.

India is one of the most successful countries in the development of micro and small businesses in the world, and implementation of this memorandum can be a base to use its experience in developing entrepreneurship, the financing system for micro and small businesses in rural and outskirt of cities, and poor–developed areas of to Iran.

Early in January, Iran's Foreign Minister Mohammad Javad Zarif told reporters on the sidelines of his meeting with Indian Minister for Road Transport and Highways Nitin Gadkari in New Delhi that his country will not wait for the EU and will expand ties with its other partners.

"The Europeans have made efforts but they could not progress to the extent that we expected. We will cooperate with Europe on the SPV but will not wait for them and will cooperate with our traditional partners, including India, China and Russia, in line with the interests of the Iranian people," Zarif said.

He underscored cooperation with India in various fields, and said, "India's UCO bank and Pasargad bank in Iran have begun cooperation in trade."

Zarif hoped that Iran and India would be able to further boost cooperation irrespective of the US sanctions in line with the interests of the two nations.

 

 

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