World Business and Economic Analysis
World Business and Economic Analysis
The Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TTCIMA) and the Austrian Steiermark State signed a memorandum of understanding in Tehran on Tuesday to reinforce cooperation in the field of economy.
The Minister for Economy, Innovation and Finance of Steiermark, Christian Buchmann, led a delegation of around 50 businessmen from the private sector to Tehran.
Buchmann signed the agreement during a meeting with the chairman of TTCIMA, Masoud Khansari.
On the sidelines of the meeting, Khansari said ""After the implementation of the nuclear agreement and the lifting of sanctions, Iran is seeking to maintain it economic relations and establish long-term ties with other countries.”
Statistics show that the bilateral trade fell to 218 million dollars in 2014, which was the lowest in recent years, he said, adding that the sanctions lift would greatly help restore economic ties.
“Iran needs to attract 250 billion dollars to realize its economic growth objectives by 2021. Austrian companies can play a great part to meet the need.”
*** Rouhani scheduled to travel to Austria soon
Buchmann, for his part, said that the Austrian president has already paid a visit to Iran and the Iranian president is scheduled to travel to Austria in the near future. Such visits will pave the way for expanding political relations and will act as a platform for enhancing economic relations, he added.
In September 2015, Austrian President Heinz Fischer at the head of a 240-member delegation traveled to Iran.
During a meeting between Fischer and his Iranian counterpart Hassan Rouhani, it was announced that the two countries have agreed to work on drafting a roadmap for their bilateral trade in 2020, with an emphasis on infrastructure, energy, industry, transport, as well as science and culture.
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Iran and Thailand signed three memorandums of understanding (MOU) on facilitating cooperation between their private sectors during the Seminar on Trade and Investment Opportunities between Islamic Republic of Iran and Kingdom of Thailand, held in Tehran on Tuesday.
The MOUs were inked to foster economic, scientific and technological collaboration between the two countries’ private enterprises, the IRIB news agency reported.
Thailand’s Deputy Prime Minister Somkid Jatusripitak, accompanied by six cabinet ministers and 200 businessmen, attended the Iran-Thailand trade conference.
Additionally, Valiollah Afkhami-Rad, the director of Trade Promotion Organization of Iran (TPOI), Mohsen Jalalpour, the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and Iran’s commercial attaché to Thailand Mohammad-Ali Pakseresht took part in the meeting.
During the meeting, Jatusripitak said business opportunities are ample in post-sanctions Iran, adding that information technology, nanotechnology, clean energies, power industries, education and tourism are among the fields in which the two sides can ramp up trade.
Afkhami-Rad, for his part, said Tehran-Bangkok cooperation could pave the way for expansion of relations between the Economic Cooperation Organization (ECO) and The Association of Southeast Asian Nations (ASEAN).
Meanwhile, Jalalpour said the trade between Iran and Thailand needs to exceed the current figure which only accounts for 0.5 percent of the two countries’ total annual business.
Speaking at the meeting, Pakseresht also announced that Iran-Thailand trade volume would surpass $1 billion in near future.
As well as sharing nanotechnology, he said, launching joint ventures, trading food, drugs and agricultural goods are proper areas for two sides to enhance economic relations.
Thailand was the 23rd leading importer of Iran’s non-oil goods in the past Iranian calendar year, which ended on March 20, 2015, according to Iran’s Customs Administration.
Iran exported $162.973 million of non-oil goods to Thailand and imported $208.957 million of non-oil products from the country during the past year.
SJ/
Cap: Mohsen Jalalpour, the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is speaking at the Seminar on Trade and Investment Opportunities between Islamic Republic of Iran and Kingdom of Thailand which were held in Tehran on Tuesday.
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The brightest minds in financial technology will be descending on Finovate Europe next week. It’s the perfect place to network for start-ups and established players alike
As the only conference focused exclusively on showcasing the best in financial and banking technologies, Finovate Europe will bring together the sector’s brightest talents to discuss where financial services are headed. The conference will take place over February 9 and 10 in London, where those in attendance will set an agenda for the future of financial services.
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This year’s event will be attended by Goldman Sachs, JP Morgan, PayPal and Visa, to name a few, and each of them will be looking to further their understanding of how technology can make a difference in today’s complex financial marketplace.
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Technology continues to evolve, and with it the competition for those in financial services grows fiercer. Those who refuse to innovate will fall by the wayside, and the focus on financial technology innovation will bring many opportunities. Finovate Europe focuses on the most exciting ideas in fintech and offers a fresh perspective on the evolution of financial services.
The conference this year returns to Old Billingsgate Market Hall. Perched alongside the Thames in London’s bustling financial district, it is one of the capital’s premier technology event venues.
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