TEHRAN-- An exhibition of Iranian foodstuff and agricultural markets is slated to be held in the United Arab Emirates throughout November 7-10, Irans Trade Promotion Organization (TPO) announced.As IRIB reported, a conference on the investment opportunities of Irans food and farming markets is likewise going to be held on the sidelines of the pointed out exhibition.This conference, in addition to offering practical information on the Iranian market and acquainting businessmen and traders with the most recent achievements of the Iranian food and farming industries, will present the existing capabilities of the country in the mentioned sectors.With a yearly turnover of $16 billion, the UAEs food and drink market is one of the biggest and most vibrant consumer markets in the area, which can be a great chance for the advancement of Irans food and beverage exports.Currently, Iran holds almost three percent of the food and beverage market in the UAE, which can be substantially improved with proper planning.Increasing non-oil exports to surrounding countries is among the major strategies that the Iranian federal government has been pursuing in recent years.UAE has actually been amongst the Islamic Republics top trading partners among the countrys neighbors.According to the information launched by the Islamic Republic of Iran Customs Administration (IRICA), the UAE was Irans third primary export location in the first four months of the present Iranian calendar year (March 21-July 22).
Iran exported non-oil products valued at $2.264 billion to the UAE in the mentioned four-month duration while importing items worth $4.875 billion.The UAE was the Islamic Republics top source of imports in the pointed out time span.EF/ MA