Iran, Saudi Arabia To Open Joint Chamber Of Commerce Soon: Business Leader

Iran, Saudi Arabia To Open Joint Chamber Of Commerce Soon: Business Leader

TEHRAN, Apr 4 (NNN-IRNA) – Iran and Saudi Arabia will open a joint chamber of commerce soon, an Iranian business leader revealed yesterday.

Keyvan Kashefi, a member of the presiding board of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), said during a meeting that, ICCIMA is following up on the launch of the joint chamber of commerce.

Iran plans to begin the exchange of business delegations with Saudi Arabia immediately after the reopening of the embassies in the two countries, and the reinstatement of their ambassadors, he added.

Kashefi said, the normalisation of ties between Tehran and Riyadh has been Iran’s main political and economic issue over the past 30 days. He added that, Iran’s private sector welcomed the “constructive and positive” interaction with Saudi Arabia and had started to plan for more economic cooperation.

The Iranian business leader said, the two countries’ decision to normalise relations has had very positive effect on Iran’s economy, and been a very useful mechanism, expressing hope that Iran’s positive interactions with other counties would continue.

Kashefi noted that, Iran and Saudi Arabia have great potential for cooperation in the oil, gas, petrochemical and technological sectors.

China, Saudi Arabia and Iran announced on Mar 10 that, the latter two had reached a deal which includes the agreement to resume diplomatic relations and reopen embassies and missions within two months.

Saudi Arabia cut diplomatic ties with Iran in 2016, in response to the attacks on Saudi diplomatic missions in Iran, after the kingdom executed a Shiite cleric.– NNN-IRNA  

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