TEHRAN- Iran exported commodities valued at $202,587,787 to Kazakhstan in the very first nine months of the existing Iranian fiscal year (March 20 December 21, 2024), according to a reported released by the Islamic Republic of Iran Customs Administration (IRICA).
The IRICA report put the countrys weight of goods exported to Kazakhstan in the discussed nine-month period at 360,182,868 tons.On January 7, Mahmoud Najafi Arab, head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and Ontalap Onalbayev, Kazakhstans ambassador to Iran, met at the chamber to discuss ways to expand trade relations in between the 2 countries.During the conference, the Kazakh ambassador announced that a trade delegation led by Kazakhstans Minister of Trade would quickly visit Tehran.A memorandum of cooperation was likewise signed between Tehrans Chamber of Commerce and the Iran-Kazakhstan Joint Chamber of Commerce on the sidelines of the meeting.The discussions highlighted the Iranian Parliaments approval of the open market agreement between Iran and the Eurasian Economic Union (EAEU).
Both sides viewed the contract as a historical financial chance to initiate more comprehensive economic and trade cooperations between Iran and Kazakhstan.During the meeting, Najafi Arab kept in mind that the current trade volume between Iran and Kazakhstan does not align with the capacity of both countries.He described Irans observer membership in the EAEU as a turning point for economic relations with member states, consisting of Kazakhstan.He restated Tehran Chambers dedication to leveraging its resources and the economic sector to cultivate more powerful economic partnerships.He likewise referred to the upcoming 3rd Eurasian International Trade Exhibition, set up for early March 2025 in Tehran, emphasizing the potential for economic sector partnership in fields such as engineering, pharmaceuticals, medical devices, machinery, fabrics, and food industries.He required identifying chances in these locations and helping with sustainable collaborations in between companies in both countries.The authorities even more proposed establishing joint chambers in between Tehran and major Kazakh cities, such as Almaty and Astana, to strengthen bilateral cooperation.Ontalap Onalbayev highlighted Kazakhstans tactical value as a reputable trade route to significant markets in Russia and China, backed by robust infrastructure and favorable conditions for foreign investments.He kept in mind that Iran is a significant trading partner for Kazakhstan in the area and applauded Tehrans Chamber of Commerce for its crucial role in improving bilateral financial ties.The ambassador revealed that a Kazakh trade delegation, consisting of significant business, would go to Tehran for the 20th Joint Economic Committee conference between the two countries.
This check out aims to cultivate settlements and collaborations with Iranian counterparts.Onalbayev emphasized that a cooperation file signed in between Iran and Kazakhstan in 2023 lays out a roadmap for financial partnership, with chambers of commerce from both countries entrusted with implementing essential arrangements.
He likewise noted that Irans direct financial investment in Kazakhstan reached $3.4 billion in 2023, highlighting substantial capacity for more growth.Amir Abedi, head of the Iran-Kazakhstan Joint Chamber of Commerce, proposed twinning Tehrans Chamber with Astanas Chamber and called for extending the existing 15-day visa-free travel contract to 30 days.He stressed that the upcoming Eurasia Trade Exhibition and associated occasions could mark a pivotal action in renewing economic ties between the two nations.Meanwhile during a meeting in between Head of Irans Trade Promotion Organization (TPO)Mohammad-Ali Dehghan DehnaviandAmbassador of Kazakhstan to Tehran Ontalap Onalbayev in late November 2024, the Iranian authorities highlighted the requirement to develop a joint company council with Kazakhstan, He stated: The formation of a company cooperation council between the two countries can assist in the process of developing trade relations between the two countries, and we have an interest in forming this council with the participation of the Iranian and Kazakh Chambers of Commerce.He more explained the significance of transit and transport of products for Iran, adding: Activating a train path in between the 2 countries can also play a role in the development of global corridors.Regarding the need to broaden trade in between Iran and Kazakhstan, he stated: We are prepared to develop trade between the two countries, both in imports and exports, and we do not have a concern in which direction our trade should be oriented.
Because excellent imports bring prosperity to individuals, and exports add to employment and production.Elsewhere in his remarks, the TPO head mentioned Irans possible and capacities to export technical engineering services to Kazakhstan, stating: Our business have good technical knowledge and proficiency and can complete different jobs with the very best quality and the lowest cost.
Many jobs, completed by Iranian specialists in the area, have been appreciated as exemplary projects.He contacted the Kazakh side to help with bank guarantees for Iranian contractors.Dehghan Dehnavi continued by emphasizing that the Eurasia Exclusive Exhibition in Iran is an excellent chance for the existence of Kazakh traders, merchants, and manufacturers in Iran, saying: This year, given that the Free Trade Agreement with Eurasia is being validated in the parliament, we hope that Kazakhstan will have a more serious existence in the exhibit, which can pave the way for the advancement of trade relations between the two countries.Also, during a meeting between Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Samad Hassanzadeh and Kazakhstan Ambassador to Tehran Ontalap Onalbayev in early August 2024, the Iranian official slammed the low volume of trade in between Iran and Kazakhstan, underlining the need for the execution of joint cooperation agreements between the 2 nations as quickly as possible.The $300 million trade between Iran and Kazakhstan is not proportional to the facilities and capacities of the two countries, and we need to all attempt to attain the target of 3 billion dollars of trade set in the joint cooperation arrangement, Hassanzadeh stated.Iran Chamber of Commerce is pursuing the faster implementation of the joint cooperation arrangement between Iran and Kazakhstan with the goal of increasing the trade relations in between the two countries, the official added.Referring to the logistics arrangement in between Iran, Kazakhstan and Russia, Hassanzadeh added: We must be able to utilize this opportunity in the field of transport to promote the trade amongst the countries in the region.The ICCIMA head welcomed the head of the Kazakhstan Chamber and the business owners of the country to go to Iran, and said: Considering Irans capabilities in the fields of technical and engineering services, the facility of power plants, the advancement of petrochemical markets, food, farming and animals industries, construction, Pharmaceuticals and medicine, tourist, handicrafts, info and interaction technology and knowledge-based items, we can form good cooperation between the private sectors of the two countries.He indicated the interest of Iranian economic sector for investments in Kazakhstan and stated: We anticipate the Kazakh federal government to support Irans private sector more.Considering the service of banking concerns in between Iran and Kazakhstan, particularly in the fields of agriculture and animals, there is an extremely suitable field for joint financial investments, which should be utilized, he emphasized.Onalbayev for his part indicated the excellent political and financial cooperation between the two countries in regional companies and stated: Good cooperation between the 2 countries has actually been developed and is being formed in the field of freight transit and sea, rail and land transportation which must continue.About 70 percent of the trade in between the two nations in 2015 was connected to Irans exports to Kazakhstan, and it is possible to work in the fields of production and supply of meat and farming products, petrochemicals and construction materials, to increase the volume of trade and balance it, the envoy said.MA