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  • 09-10-22

    Iran aims to reach USD30B yearly exchange with UAE by 2024

    (MENAFN) Aiming to reach USD30 billion exchange among Iran and the United Arab Emirates (UAE) for the upcoming two years is on the plan of the trade organizations of the two nation, in line with a representative from Iran’s Trade Promotion Organization (TPO).

    Farzad Piltan, the director-general of TPO’s Office of West Asian Countries, stated that the UAE is regarded as one of the vital nations in Iran's foreign exchange.

    Noting that the balance of exchange amount among both nations has always been in favor of the UAE, Pilten also stated that “According to the plans, balancing, maintaining and improving the level of trade relations between the two countries is on the agenda of trade organizations.”

    “Considering the position and capacities and facilities that the UAE has for the development of bilateral and multilateral cooperation at the regional and international level, by removing trade barriers and increasing export standards and insurances, we can reach USD30 billion trade with the UAE”, the TPO representative also mentioned.

    MENAFN09102022000045014228ID1104990039

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