Iranian automaker seeks to expand its presence in African markets

2021-05-12 22:05:14
Iranian automaker seeks to expand its presence in African markets

Iran’s largest automaker, Iran-Khodro, has announced it plans to expand into the African market and increase exports to the continent.

Kianoosh Pourmajib, the vice president for exports of Iran-Khodro, told Iranian media the markets of African and West Asia are among the export targets of Iran-Khodro.

Pourmajib said the company’s products are in line with international standards, and thus the export process will be done more easily.

Iran plans to expand trade with Africa

Iran plans to make use of government agencies, private sector and international institutions to expand exports to Africa, an Iranian official says.

The comments were made recently by officials at Iran’s Trade Development Organization during a meeting at Iran’s Ministry of Foreign Affairs, the IMNA news agency reported.

Hamid Zadboom, the head of the Trade Development Organization, emphasized on using the capacities of Iran’s public and private sector, as well as African embassies in Tehran, to increase trade.

Farzad Piltan, director general of the Arab and African Office of the Trade Development Organization, said his agency and Ministry of Foreign Affairs need to coordinate their activities in to expand Iran’s trade with Africa.

How can Africa and Iran increase trade?

Trade and economic cooperation between Iran and African nations are far less than the capacities and mutual interests of the two sides.

Experts say the main obstacles for trade between Iran and Africa is the lack of direct sea and air transportation infrastructures, high marketing and transportation costs.

Other reasons are a lack of banking relations, lack of information on mutual demands and capabilities and lack of political and economic stability.

Iran accounted for just 0.12% of Africa’s total trade with the world last year, Fars News Agency reported.

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