Iran seeks to push annual trade with Indonesia past $1 billion mark

JAKARTA, May 15 (MNA) -- Annual trade between Iran and Indonesia has reached about one billion dollars but the two countries have the potential to raise this figure to a much higher level, Iran’s ambassador to Jakarta said earlier this week.

Iran-Indonesia relations are rapidly expanding and the two countries recently signed agreements for the implementation of projects worth $7 billion, Ambassador Behrouz Kamalvandi told the Mehr News Agency correspondent in Jakarta.

 

He pointed out that bilateral relations between Tehran and Jakarta have been redefined in line with Iran’s Look to the East policy, MNA reported on Friday.

 

Joint venture agreements, such as the petrochemical project for the production of fertilizer in Assaluyeh, have increased the value of the two countries recent trade deals to $7 billion, he said.

 

Indonesia, with a population of 220 million, is a good market for Iranian products, the Iranian diplomat added.

 

Although relations between Iran and Indonesia date back to 1951, they have significantly strengthened their ties over the past few years, and President Mahmoud Ahmadinejad’s trip to Indonesia in May 2006 marked a turning point in Tehran-Jakarta relations, Kamalvandi stated.

 

He also noted that Tehran and Jakarta have adopted similar approaches toward many issues, such as Palestine and human rights.

 

SL/HG

END

MNA

News Code 33768

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