News ID: 213333
Published: 0219 GMT April 16, 2018

Tehran, Jakarta eye expansion of economic cooperation

Tehran, Jakarta eye expansion of economic cooperation

Iran's trade with Indonesia reached $680 million in the 11 months from March 21, 2017 to February 22, 2018, showing a considerable increase from $380 million for the same period a year earlier, said Iran's ambassador to Indonesia.

Valiollah Mohammadi Nasrabadi further said that Iran exported goods worth $500 million to Indonesia during the 11-month period, reported Mehr News Agency.

Indonesia ranks tenth among Iran's export destinations and giant steps have been taken to expand business ties between the two countries despite banking problems, the ambassador pointed out.

He pointed to the effective steps taken in the field of nanotechnology particularly in the drug, medicine and textile sectors and said, "We hope that Tehran-Jakarta cooperation will expand in the current year."

Moreover, universities and academic centers of the two countries have inked a separate memorandum of understanding (MoU) to cooperate in scientific and research projects, he maintained.

Mohammadi Nasrabadi added that Indonesia is interested in investing in the development of two oilfields in Iran.

The two countries took effective steps in the year to March 20 to broaden cooperation in various fields and this trend will also be pursued in the current year, the ambassador concluded.


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