Iran, Russia Discuss Joint Implementation of Industrial Projects

Iran, Russia Discuss Joint Implementation of Industrial Projects
Denis Manturov, the Minister of Trade and Industry of the Russian Federation, in his meeting with the Dr. Mahmoud Vaezi, Minister of Communication and Information Technology and the Iranian co-Chairman of the Joint Economic Commission, announced that: “In the draft document of the roadmap for developing industrial cooperation, presented to the Iranian party, we have proposed the joint implementation of more than 700 projects.”

 The ICT Ministry Public Relation reports that in the joint session of the Iranian and Russian delegations held Thursday in Moscow, in presence of the Iranian Communication Minister and Russian Industry and Trade Minister, Manturov stated that: “There are countless opportunities for cooperation between Iran and Russia in various sectors, especially energy, oil and gas, industries, also agriculture; and we are interested in all of them.”

In this meeting, where Mehdi Sanayee, Iranian Ambassador to Russia was also present, Manturov expressed that: “Russian companies are interested in implementing joint projects in various areas including automobile manufacturing and other products.”

He continued by referring to the signing of an M.O.U at the conclusion of his visit to Tehran in the early 2016, and said: “In light of the topics raised during our discussions and the studies conducted accordingly, I have to announce that in preparing the draft document of our industrial cooperation roadmap, we have included the proposals for 700 joint projects, and we have presented it to the Iranian side for inspection and are currently waiting for their feedback.”

In addition, the Russian Industry and Trade Minister mentioned Russia’s interest in joint manufacturing of railway cargo wagons with Iran, and the decisions of ‘EXIAR’ Insurance Companies for Iranian Railway Company, and also Pharmaceuticals and Biotechnology sectors, stating that: “From the beginning of this year, in the negotiations held between the two countries, high implementation priorities have been set for 18 choice projects.”

Dr. Vaezi also addressed this meeting by expressing that: “Various productive and high-gain Industrial sectors require more support and consideration from us for further elevation of our level of cooperation, since there are numerous opportunities available in this area.”

Dr. Vaezi continued: “Iranian craftsman have been well acquainted with Russian industries for a long time, but present conditions are not agreeable considering the unexploited capacities and opportunities, and defining an industrial cooperation roadmap is actually for creating accelerated application to be finalized in near future, and it will also be presented and pursued during the next session of the Joint Economic Cooperation Commission.”

The ICT Minister also referred to defining of 700 joint projects for cooperation within the framework of industrial cooperation roadmap of the two countries, underscoring the importance of selecting 18 priority projects among them.

The Minister of Communication and Information Technology, during his 3-day stay in Moscow, in addition to negotiating with Veronica Nikishina, the Eurasian Union’s Commerce Minister regarding free trade between Tehran and the Union with zero and low tariffs for goods and products agreed upon by both countries, also met with Nikolay Nikiforov, the Minister for Communication and Mass Media, and is also going to meet Alexander Novak, the Russian Energy Minister, and the Russian co-Chairman of the Joint Economic Cooperation Commission to discuss cooperation development and further expansion of bilateral relations.

It should be mentioned that by the commencement of the 11th government, Iran and Russia implemented a strategy to further expand bilateral cooperation and regional collaboration, breathing new life into their declining economic relations.

The parties experienced their lowest trade volume in the 2013 period, the figure dropping from $4 Billion to a little above $1 Billion.

Through the actions of the 11th government, in 2014 the trade volume reached $1.7 Billion, growing yet another 30% in 2015, and according to latest statistics, during the first half of the present year shows a 69% growth compared to the same period in 2015.

The Eurasian Economic Union, with a collective population of 180 Million, include Russia, Belarus, Kazakhstan, Kirgizstan and Armenia, consisting a land mass of 20 Million square kilometers; that because of its geographical position and closeness, counts as a huge market for Iranian goods and products. Establishment of free trade can create countless opportunities for the private sector in Iran and the member nations of this Union.


Aug 13, 2016 08:33

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