News ID: 138172
Published: 0707 GMT March 13, 2016

Ecuador to set up trade office in Tehran

Ecuador to set up trade office in Tehran

Ecuadorian Foreign Trade Minister Diego Aulestia announced that Ecuador will establish a trade office in Tehran in the coming days with the aim of introducing exports and expansion of markets in the Middle East region.

Aulestia said that the advantages of setting up trade office in Iran will result in boosting exports, providing better living conditions for the people of Ecuador and improving the production cycle for creation of job opportunities, Fars News Agency reported.

He said that the Iranian companies have voiced readiness to attend the upcoming economic talks in Ecuador.

In relevant remarks in early February, First Vice President Es'haq Jahangiri in a meeting with Ecuadorean foreign trade minister said that Iran-Ecuador political ties were satisfactory, but called for keeping up economic and trade relations in pace with the level of political ties.

Jahangiri said that Iran is willing to develop cooperation with Latin American countries given their influential role in the international scene.

"Ecuador in particular, enjoys a special status in the foreign relations of Iran," the Iranian vice president added.

The Ecuadorian foreign trade minister expressed Quito's interest in greater activities of the Iranian companies in his country.

"Our good and satisfactory political relations should serve as a good platform for expansion of the economic relations and in the new era of trade ties, we should pursue long term win-win ties," he said.

Iran has been seeking to broaden ties and cooperation with Latin American states, including Venezuela, Bolivia, Brazil, Ecuador, Nicaragua, Cuba, Mexico and Colombia.

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