TEHRAN- Iran and South Africa have planned to boost
the volume of their bilateral trade up to $2 billion by 2021, an
official in Iran Chamber of Commerce, Industries, Mines and Agriculture
(ICCIMA) Shahram Khasipoor announced on Sunday, IRNA reported.
the remarks addressing Iran-South Africa Business Forum at the place of
ICCIMA, Khasipoor noted that regarding the existing political and
cultural ties between the two countries, the volume of common trade is
not at a satisfactory level and should be increased.
Minister of Trade and Industry of South Africa Rob Haydn Davies had
previously said that exchanging trade delegations with Iran will
improve mutual all-out ties.
The minister mentioned recognition of industrial, trade, and
investment opportunities in Iran to sell his country’s products and
services as the objective of dispatching this trade delegation to the
Iran-South Africa trade volume decreased to $45.7 million in 2016
from the previous $2.055 billion in 2011, due to the Western-led
sanctions imposed on Iran.