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Russian-Iranian Business Council supports Russian machinery export to Iran

March 12, 2012, 20:13 UTC+3
Russia’s key export products are grain and metal, but we would like to support Russian exporters of finished products” Popov said
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MOSCOW, March 12 (Itar-Tass) —— The Russian-Iranian Business Council supported the export of Russian machinery to Iran.

“The Council has big plans for the future. We intend to open two representative offices in Moscow and Iran in 2012 so that entrepreneurs in both countries had an opportunity to get assistance directly from the Council,” Roman Popov, elected the new president of the Council, said on Monday, March 12.

In his opinion, “the first task is to support Russian companies that can be of interest to the Iranian market”.

“We have established a good relationship with Iranian business circles. Russia’s key export products are grain and metal, but we would like to support Russian exporters of finished products, for example, machine-builders,” Popov said.

His deputy Sergei Vasilyev believes that “reliable partners with Iran are important for cooperation”.

He complained that many companies simply have no information about the rules of doing business in Iran.

Russian-Iranian bilateral trade has been growing since 2000. According to the Federal Customs Service, trade turnover in 2011 increased by 2.8 percent (to 3.752 billion U.S. dollars) from 2010, export grew by 0.6 percent (to 3.401 billion U.S. dollars), and import went up by 29.5 percent (to 351 million U.S. dollars).

The structure of bilateral trade turnover between Russia and Iran has virtually not changed since 2000, except for an increase in the export of pearls, precious metals and gen stones. In 2010, their export to Iran had reached 592 million U.S. dollars, accounting for 17.5 percent of Russian export to that country.

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