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18 July 2005

Portugal and Iran explore trade ties.

Iran, Portugal stress investments, Trade ties

Head of Iran Chamber of Commerce Industries and Mines (ICCIM) and Advisor to Portuguese Commerce Minister Skopiro explored expansion of industrial and trade ties in Lisbon, according to IRNA. Ali Naghi Khamoushi said that 75% of Iran's trade ties with European nations. "Portugal is absent in this, but today's signing of agreement for a joint Iran-Portugal Trade Council grounds are paved to boost trade exchange." He referred to the suitable geographical location of Iran which has access to the Middle East and Central Asian markets with a population of over 400 mln people. He also called for signing agreements on removing double taxatioan on trade and finance, promotion and support of joint investments and trade, and reducing customs tariffs, as well as cooperation in banking and shipping. The Portuguese official said that Lisbon is keen on exploring new markets for joint investments and trade and supports the proposed joint trade council. He added that Portuguese investors have welcomed closer relations with their Iranian counterparts and are interested in greater presence in Middle East and Central Asia region. The Iranian delegation also visited 'Porto' the second industrialized city in the country and met with several local official industrialists and traders.



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