INSUBCONTINENT EXCLUSIVE:
Bakhyt Sultanov has visited Iran with the aim of exploring new opportunities for the expansion of economic relations between the two
countries.During their stay in Tehran, the Kazakh delegates held several meetings with senior Iranian officials including Industry, Mining,
and Trade Minister Reza Fatemi-Amin, Governor of the Central Bank of Iran (CBI) Ali Saleh-Abadi, and Managing Director of National Iranian
Oil Company (NIOC) Mohsen Khojasteh-Mehr.Pursuing joint investmentThe Kazakh delegation first visited the industry ministry to discuss
mutual cooperation in industrial areas with Fatemi-Amin.In this meeting, the Iranian minister stressed the significance of the joint
the two countries and the collaboration of Iranian and Kazakh companies, deeper, more stable and broader relations will be
equipment, and pharmaceutical industries.Sultanov, in his turn, emphasized the possibility of strengthening the trans-Caspian corridor using
talks on strengthening bilateral energy cooperation.During this gathering, Khojasteh-Mehr pointed to the long history of cooperation between
Iran and Kazakhstan in the field of energy and said that Iran intends to activate the potential capacities between the two states in this
investigations conducted by the experts of the two countries will eventually lead to a memorandum of understanding between Iran and
currently, Iran and Kazakhstan have positive cooperation in the fields of transportation and agriculture, adding that the two states are
taking the necessary steps to also use the joint capacities in the field of energy.Expansion of banking relationsDuring his stay in Tehran,
Sultanov and his accompanying delegation attended a meeting with Governor of the Central Bank of Iran (CBI) Ali Saleh-Abadi, in which the
two sides discussed issues related to the banking relations between the two countries.Speaking in this meeting, Saleh-Abadi referred to the
close economic relations between the two countries and stressed: "Development of economic cooperation and expansion of banking relations
between Iran and Kazakhstan are complementary and we welcome the readiness of Kazakhstan to increase banking and trade relations with
Iran."He further emphasized the economic and banking capacities of Iran and Kazakhstan, saying: "With the expansion of banking relations
between the two countries, economic cooperation will also increase and reach the desired point."Sultanov for his part referred to the
explore various areas for the development and expansion of economic, trade and banking cooperation between Kazakhstan and Iran."Underlining
Kazakhstan's readiness for developing economic relations with the Islamic Republic of Iran, the official said: "Very good agreements have
been concluded in recent months between the various economic sectors and the private sectors of the two countries so that the volume of
mentioned the 85-percent increase in trade exchanges between the two countries last year, saying: "Before the pandemic, the volume of
economic exchanges between Iran and Kazakhstan was over one billion dollars, and returning to this level of cooperation and even exceeding
Minister of Trade and Integration Bakhyt Sultanov visit Iranian Industry, Mining and Trade Minister Reza Fatemi-Amin in Tehran on Monday.
