TEHRAN, May 10 (MNA) – Iranian Commerce Minister Masoud Mirkazemi and Serbian Minister for Economy and Regional Development Mladjan Dinkic inked a trade promotion protocol in Belgrade on Friday.

Addressing the opening ceremony of the 13th Iran-Serbia Joint Economic and Trade Commission, Mladjan Dinkic called for further participation of Iranian companies in Serbia’s petrochemical and industrial projects.

 

“We have good opportunities to increase our trade. It is now modest, only $50 million, but the Iranian trade minister said that he hoped that Serbia would soon account for at least one percent of Iran’s total foreign trade, which would be about $1.5 billion annually,” Dinkic said, the B92 Serbian website reported.

 

He announced that in the upcoming days, officials from the economic and energy ministries and the Pancevo Petrohemija Company would be visiting the Iranian national petrochemical company in Tehran to discuss a possible partnership between the two companies.

 

It was agreed in the meeting to look into the possibility of using Iranian capacities to stockpile Serbian grain for the Middle East and Afghanistan, and of Serbian companies participating in the construction of silos, cold storage facilities and warehouses.

 

An agreement on veterinary cooperation was also signed, opening the door for exporting meat from Serbia to Iran.

 

Mirkazemi and his delegation of government officials and private sector businessmen also held talks with Serbian Prime Minister Mirko Cvetkovic and some members of his cabinet.

 

Mirkazemi pointed to Iran’s capabilities in various economic fields, and expressed the Islamic Republic’s readiness to develop trade with Serbia, IRNA reported.

 

Cvetkovic said in his meeting with Mirkazemi that Serbia is interested in establishing stronger economic relations with Iran.

 

The recent global economic downturn has seriously harmed the Serbian economy, so the country is planning to resuscitate its economy through absorbing foreign investments, he added.

 

NK/MG/MRK

END

MNA

News Code 33666

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