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Kazakhstan, Iran trade turnover to increase by 1.5 times

Almaty. February 7. Kazakhstan Today - Trade volume in 2007 between Kazakhstan and Iran is planned to be increased by 1.5 times. The Plenipotentiary and Extraordinary Ambassador of Islamic Republic Iran to Kazakhstan Romin Mehmonparast said today after the press conference on opposition of Iran and the USA before realization of the nuclear program for peaceful purposes, the agency reports. According to R. Mehmonparast, the volume of commodity turnover between the states in 2005 made $900 million, and in 2006 - $2 billion. "I hope that in the end of 2007 the volume of trade between Kazakhstan and Iran will be more than $3 billion," the Ambassador said. He noted that Kazakhstan and Iran cooperate in the field of oil and gas, petrochemical industry, metallurgy, grain, machine equipment, various engineering and technical services, and investments in the sphere of transport." "Our economic cooperation has a competitive character. Iran is the best route for transportation of the Kazakhstan goods," R. Mehmonparast emphasized. "We can invest in common as well as various projects in Iran and Kazakhstan or in projects of the third countries," he added. According to R. Mehmonparast, "commodity turnover between the republics will be more than $5 billion in 3 - 5 years. Volume of mutual investment will total more than $5 billion."

Resourse: Kazakhstan Today

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