News ID: 233881
Published: 0407 GMT November 05, 2018

Poland ready to widen cooperation with Iran's mining sector

Poland ready to widen cooperation with Iran's mining sector

Poland's Ministry of Entrepreneurship and Technology voiced its willingness to broaden cooperation with Iran's mining and industry sector, and said cooperation between the two countries is on the right track.

Cooperation with Iran provides a great opportunity for Polish companies to enter the regional market, Tehran Bureau Chief of Polish Investment and Trade Agency Jaroslaw Kaczynski was quoted as saying by Fars News Agency.

He reiterated that Iran is among major potential targets of the Polish manufacturers, and said, "Some 25 percent of the machineries manufactured in the European country are mining equipment, which majorly suit Iranian market due to its considerable capacity and the characteristics of Iranian mines."

Kaczynski underlined that Iran has a strategic geographical location which can also be used as a corridor for regional markets.

"Several Polish brands are already present in the Iranian market and are operating in major coal mines," he said, adding, "For almost 13 years, our machineries have been operating in Iran, and we have granted support for around 150 Iranian companies and provided them multiple services via more than 450 Polish manufacturing firms."

Kaczynski underlined that trade between the two countries witnessed a remarkable 187.5 percent growth since 2015, which marks the landmark 2015 nuclear deal between Iran and major world powers.

"Trade between the two states stood at $80 million in 2015 but the figure reached $230 million in 2017," he added.

Goods traded between Iran and Poland mainly include agricultural machineries, medical instruments, glass items, home appliances and food products.

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