Russia to expand export to Iran

Moscow and Tehran will discuss increasing the volumes of bilateral trade in agricultural and food products
Russia to expand export to Iran
19 January 12:24 2016 Print This Article

Russia and Iran will consider possibility to increase bilateral trade of food products, reports Russian Ministry of Agriculture on Tuesday.

Russian Agriculture Minister Alexander Tkachyov and Agriculture Jihad Minister Mahmoud Hojjati are expected to discuss this on the meet in Tehran. The two ministers will also talk about cooperation in veterinary, phytosanitary and fishery areas.

A few days ago, the United Nations, European Union, and United States have lifted nuclear sanctions against Iran in accordance with the nuclear deal. This has restored the Islamic Republic’s access to the global market.

The news are coming shortly after the 10th WTO ministerial conference in Kenya where the Minister of Economic Development of Russia Alexei Ulyukayev has met with Iranian Trade Minister Mohammad Nematzadeh. Russian minister stated that Russia was considering reduction or elimination of import duties on Iranian agricultural products.

According to Russian Federal Customs Service, exports to Iran in the total volume of Russian exports of agricultural raw materials and food-stuff in 2015 was equal to 3.1% or 484.4 million dollars. Main products of export to Iran are cereals (91.0%, including wheat – 62.2% and barley – 23.5%) and sunflower oil (5.1%). Iran’s main export products to Russia are vegetables (51.7%, including cucumbers – 29.8%, cabbage – 11.0%), fruits, nuts (40.3%), totaling 194.3 million USA dollars.

Print this entry

  Article "tagged" as:
view more articles

About Article Author

Cecilia Valentini
Cecilia Valentini

View More Articles