INSUBCONTINENT EXCLUSIVE:
TEHRAN-- The Research Center of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) in a report has actually specified that
the United Arab Emirates new methods for inking free trade arrangements with India and Turkey is going to further boost the Islamic
Republics mediatory role in the region.As one of Irans top trade partners in the region, UAE has always been a hot market for Iranian
business owners and traders and the growth of this nations financial relations with Irans neighbors might positively affect Iranian trade
with them too, the ICCIMA portal reported.Based on the mentioned report, the UAE has just recently concentrated on forming free trade
contracts with a range of nations consisting of India, Britain, Turkey, South Korea, Ethiopia, Indonesia, and Kenya.Also, this nation
belongs to a big set of trade-related global organizations and treaties the most crucial of which are the World Trade Organization, the
Persian Gulf Cooperation Council, the GCC-EFTA Free Trade Agreement, and the Pan-Arab Free Trade Area.Among those nations, India and Turkey
signify for Iran, because as for Turkey, the trade contract with the UAE has the potential to end up being an essential financial,
political, and transit benefit for Iran.Considering the existing stress between Saudi Arabia and Turkey on one hand and with Qatar on the
other hand, with the development of an open market arrangement between the UAE and Turkey, Iran can play an essential mediatory function in
connecting all these nations together.As for India, although the arrangement might undermine the position of Chabahar port as a local trade
center for the country, however considering the geopolitical scenario of the pointed out port, it will still stay a center of local trade
for India with regard to Russia and Central Asia.EF/ MA
