IRAN UPS TRADE BALANCE WITH THAILAND BY 25 PERCENT

TEHRAN, Iran has increased its trade exchanges with Thailand in the first three months of the current Iranian year (March 21, 2018-June 22, 2018) by at least 25 percent, a customs report said.

Iran traded 622,727 tons of non-oil commodities worth $305.92 million with Thailand during the said period, registering a 25.11% rise in terms of value compared to last year’s corresponding period, it said.

“Iran exported 528,912 tons of commodities worth $252.24 million to the Southeast Asian country to register an increase of 11.68% and 44.41% in tonnage and value, respectively year-on-year, the customs report added.

In a relevant development in November 2017, high-ranking Iranian and Thai officials in a meeting in Bangkok on Thursday discussed ways to further expand trade and economic relations between the two countries.

Visiting Director-General of Iran’s Foreign Ministry for East Asia and Pacific Affairs Mahmoud Farazandeh reviewed ways to promote Iran-Thailand trade cooperation in a meeting with Director-General of the Department of International Trade Promotion Nantawan Sakuntanaga.

Farazandeh visited the Thai capital, Bangkok, to attend the 3rd Thailand and Iran political consultations which are to be held at the level of directors general of foreign ministries of the two countries.

Touching upon the two countries’ cordial relations, Farazandeh called for removing the obstacles on the ways of boosting mutual banking cooperation.

Pointing to the efforts made for holding a joint trade committee meeting, the Iranian official expressed the hope that the meeting could be held in Tehran as soon as possible.

Sakuntanaga, who is also Thailand deputy commerce minister, for her part, voiced the Thai officials’ willingness to expand economic relations with Iran.

She called exchanging trade delegations as an effective way to enhance mutual relations.

Sakuntanaga also went on to say that Thai investors are keen to have an active presence in Iran’s energy, industry and tourism sectors.

Source: NAM News Network