The Chairman of Iran and the UAE’s Joint Chamber of Commerce Farshid Farzanegan said, “In the current situation, economic and political relations are improving,” Fars News Agency reported.
Farzanegan described peace and security in the region as critical factors for economic development, adding that the UAE also knows that the country’s progress depends on peace in the Persian Gulf.
Tensions in the Persian Gulf would slow down their economic progress, he added.
He further asserted that there is a significant number of economic agents in the UAE, especially in Dubai, many of whom are interested in working with Iran.
The chairman of the Iran-UAE Chamber of Commerce further stated that the Iranian Foreign Ministry and the Trade Promotion Organization (TPO) have put increasing relations with neighboring countries atop their agendas, stressing that the Iran-UAE Chamber of Commerce and the private sector must help those two bodies expand trade ties.
Farzanegan underlined that Dubai’s economy depends on trade relations with Iran, adding that both sides are eager to continue and expand bilateral trade ties.
Iran has always attached great importance to strengthening ties with Middle Eastern countries in a bid to maintain security in the region.
A maritime security delegation from the UAE arrived in Tehran on July 30 to resume bilateral coast guard meetings between Iran and the Arab country after a six-year hiatus, in a bid to increase joint efforts on enhancing maritime security in the Persian Gulf region.
The seven-member delegation from the UAE Coast Guard arrived in Tehran to attend the sixth joint coast guard meeting which was held in line with plans to boost maritime security cooperation between the two Persian Gulf littoral states.
During the meeting, the two sides discussed issues of mutual interest, including shared borders, citizens’ commutes, illegal trafficking, as well as ways to facilitate maritime connections between the two countries.