News ID: 173477
Published: 0629 GMT December 09, 2016

Iran, Czech Republic seek to boost trade ties

Iran, Czech Republic seek to boost trade ties

Iran’s Economy Minister Ali Tayyebnia conferred with the Czech Republic Trade and Industry Minister Jan Mládek on expansion of economic cooperation between the two countries.

During a meeting in the Czech capital Prague on Friday, Tayyebnia welcomed investment of Czech companies in Iran, IRNA reported.

Highlighting Iran's capabilities and the country's significant growth in commerce, energy, industries and mining, Tayyebnia said Iran has a remarkable status in the Middle East and welcomes investment of Czech companies in the country.

The Czech minister voiced the readiness of his country's investors for joint investment projects in Iran mainly in the auto industry and rail tracks.

Mládek said the Czech Republic seeks to pave way for tenfold trade increase with Iran.

“It necessary to underline that up till now commercial exchanges have not been that strong. In 2015, it came to 52 million dollars. We agreed today with Minister Tayyebnia that this does not at all respond to the potential and that it should be in the short term increased at least tenfold,” Mládek said.

Mládek noted that the Czech Republic has a lot more to offer, for example, in the field of environmental projects cleaning up drinking water, pollution, and reducing industrial emissions.

The Czech Republic has already sought to position itself as an attractive partner with Mládek heading a large business delegation to Iran in January when he opened a Czech trade office, and inked an economic cooperation agreement.

On Friday, it was the turn of the Iranians to come to Prague with Tayyebnia heading a delegation aimed at deepening economic cooperation.

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