World Business and Economic Analysis
World Business and Economic Analysis
Foreign Minister Mohammad Javad Zarif said Iran expects European Union to take necessary steps to facilitate banking interactions with Tehran.
According to the report by Foreign Ministry Media Department on Saturday, Zarif made the remarks in a meeting with visiting Lithuanian Foreign Minister Linas Linkevicius.
Zarif said that the ties have upward trend and through consultations grounds can be prepared for expansion of bilateral political and parliamentary relations.
Enumerating Iran's economic and trade capacities, Zarif said that Iranian companies are ready for cooperation with Lithuanian public and private sectors in the fields of technology, energy, LNG, oil, agriculture, higher education, technical and engineering services .
In the meeting the two sides discussed ways to expand bilateral cooperation as well as regional issues.
Concerning Syria's developments, Zarif said that respecting the Syrian people's will is the only solution to the crisis and support for terrorist groups will only undermine ceasefire and make political process more complicated.
Linkevicius, for his part, evaluated Tehran-Vilnius relations as positive and added that Lithuania is interested in expanding economic and trade ties with Iran. He added that Lithuanian companies are ready to deepen their cooperation with Iranian counterparts in post JCPOA era.
He expressed satisfaction with consultations between Iran and Lithuanian officials and added that the Islamic Republic plays an influential role in the region and Lithuania desires to strengthen relations with Iran in political, cultural and parliamentary fields.
At the end of the meeting, the two foreign ministers signed a memorandum of understanding for political consultations between the two countries.
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PRESIDENT Jacob Zuma will lead a high-level delegation on a state visit to Iran from Sunday to Monday.
The Presidency says the visit will serve to cement the strong fraternal relations between the two countries, which originated during the apartheid era when Iran "refused to oil the apartheid machinery and cut ties with apartheid South Africa".
Mr Zuma will be accompanied by various cabinet ministers and a high-level business delegation.
In 1994‚ with the advent of freedom and democracy in South Africa‚ Iran lifted all sanctions and the two countries re-established diplomatic ties. Since then‚ the two countries have enjoyed mutually beneficial‚ fraternal and strategic relations.
"The re-establishment of bilateral relations brought about an increase in trade relations between the two countries. The imposition of nuclear-related sanctions against Iran impacted negatively on trade relations between the two countries.
"At the end of 2011‚ South Africa imported one third of its domestic oil requirements from Iran‚ however by June 2012 South Africa could no longer import crude oil from Iran. Overall‚ South African exports to Iran declined from R1.27bn in 2008 to R270m in 2014‚" said Presidency spokesman Bongani Majola.
He added that the forthcoming visit was taking place during an opportune moment‚ following the strong momentum in bilateral relations‚ including the constructive outcomes of the official visit to Iran by Deputy President Cyril Ramaphosa‚ the 12th Joint Commission meeting in Iran in May 2015‚ the sixth Deputy Ministerial Working Group visit to Iran in August 2015 and other high-level Ministerial and Deputy Ministerial visits to Iran and South Africa in 2015.
"Furthermore‚ the lifting of nuclear-related sanctions against Iran provides immense potential for closer commercial and investment co-operation between the two countries.
"The state visit of the president to Iran is an important structural catalyst in elevating bilateral and economic relations into a substantive strategic partnership and serves as evidence of the friendly relations between South Africa and the Islamic Republic of Iran, based on mutual respect‚" Mr Majola said.
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South Korean President Park Geun-hye, accompanied by five ministers and a 300-member economic mission, is due to visit Iran in early May, according to director general of International Affairs Office at Korea International Trade Association KITA, Hakhee Jo. “Ten memoranda of understanding are expected to be signed during the trip,” Iran Chamber of Commerce, Industries, Mines and Agriculture’s news service quoted the South Korean official as saying during a meeting with the chamber’s deputy for international affairs in Tehran last week. Park would be the first South Korean president ever to visit Tehran. In late February, Korean Minister of Trade, Industry and Energy Joo Hyung-hwan led 250 delegates from 100 South Korean companies during a two-day visit to Iran and attended the South Korea-Iran Business Forum organized by KITA. During the trip, Tehran and Seoul signed a finance agreement based on which South Korean trade insurance corporation K-Sure pledged to invest up to $5 billion in Iran’s development projects.
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