News ID: 170073
Published: 0550 GMT October 09, 2016

Tayyebnia confers with counterparts on banking ties

Tayyebnia confers with counterparts on banking ties

Iran's Economy Minister Tayyebnia met counterparts from Turkey, Italy and India on the sidelines of World Bank-IMF Annual Meetings 2016 in Washington DC.

The 2016 Annual Meetings of the IMF Boards of Governors and the World Bank Group was held in Washington DC., during October 3-9. On the sidelines of the event, Tayyebnia held separate meetings with economy ministers of a number of countries to look into the banking and customs challenges faced by Iran, reported Mehr News Agency.

In a meeting with Mehmet Şimşek, Turkey's deputy prime minister for economic affairs, the Iranian economy minister pointed to the recent developments and the lifting of sanctions and called for expediting expansion of economic ties between the two sides.

Tayyebnia underlined the need to boost banking relations between Tehran and Ankara, adding, "Iran's banking system is ready to elevate broker relations with Turkish banks and we hope the newly-reached agreements would facilitate the cooperation process."

He pointed to previous suitable bilateral cooperation in cross-border trade and voiced Iran's readiness to enhance trade ties with Turkey to create a common customs gate to facilitate trade.

Criticizing  the long queue of trucks at the joint borders to complete customs process, he noted that Iran has shown in practice its readiness to completely eliminate existing problems.

Şimşek also referred to good and developing bilateral cultural and political relations and appreciated the positive outlook of the Iranian government towards expansion of ties even though the current trade turnover between Tehran and Ankara is far from satisfactory.

He welcomed the initiative to develop customs and trade cooperation expressing Turkey's readiness to take effective steps in this respect.

In conclusion, Şimşek voiced Ankara's readiness to share its experience in attracting private sector investment in projects and stressed that grounds have been prepared for a number of major Turkish banks to develop cooperation with Iranian banks.

In another meeting with Tayyebnia, Italy's Minister of Economy and Finance Pier Carlo Padoan expressed willingness to visit Tehran in the near future to finalize monetary and banking agreements.

"Italy believes in meeting obligations and enhancing ties with Iran," noted Padoan underscoring that no effort will be spared in this respect.

The minister said Italian firms and banks are determined to strengthen bilateral relations.

Tayyebnia criticized the slow fulfillment of obligations by the West and called for expanding ties between the world and Iranian banks.

He said that bolstering with Iran would benefit all countries; "security and stability could never be boosted in the absence of Iran".

"In the wake of the post-JCPOA era, collective efforts will need to be directed to the implementation of agreements," he continued.

He later stressed that Iran considers foreign proposals in view of current conditions with an emphasis on the transfer of science and technology. "Italians are eager to collaborate with Iran while they need to take more serious steps to remove the existing barriers."

In another meeting with his Indian counterpart Arun Jaitley, Tayyebnia underlined the need for continuous transfer of the funds from the sale of oil to the South Asian country.

The official cited the launching of broker relations as Iran's top priority, adding, "Despite constructive talks, no solution has been achieved to resume such relations."

Also at the meeting, the Indian finance minister highlighted that India is still committed to the oil fund transfer plan.

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