Australia to reopen trade office in Iran

TEHRAN, Sep. 26 (MNA) – The Federal Government has announced it will reopen a trade office in Iran ahead of Trade Minister Steve Ciobo's visit to Tehran this week, Australian ABC News report said.

A business delegation led by Mr Ciobo is expected to discuss rebuilding trade ties between Australia and Iran after a very long hiatus. Mr Ciobo said Iran offered significant economic opportunities for Australia. "There are significant trade opportunities as Iran re-engages with the world following the easing of sanctions," he told ABC News breakfast.

"There's opportunity in a myriad of areas, from agribusiness and food through to education, training and water management and not to mention the fact that we, of course, have a really strong and powerful track record in relation to resources and energy — something that is in abundance in Iran as well."

Iran emerged from years of economic isolation when world powers lifted crippling sanctions against the Islamic Republic in January in return for Tehran complying with a deal to curb its nuclear ambitions. The deal also released billions of dollars worth of frozen Iranian assets and opened the door for global companies that have been barred from doing business in Iran.


News Code 120035


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