Iran Expo 2023 to boost trade, investment prospects
The 5th Export Potential Exhibition of the Islamic Republic of Iran, known as Iran Expo 2023, is set to open its doors to the world, with projections indicating that the three-day event will see the signing of several memoranda of understanding and commercial contracts worth as much as $2 billion.
The exhibition, which is expected to draw the attention of foreign entrepreneurs and businessmen, is a joint initiative between the Iran Trade Promotion Organization (TPO) and Iran’s Ministry of Foreign Affairs.
The exhibition seeks to showcase the lucrative trade and investment prospects available in Iran, and the event has already generated considerable interest from foreign countries.
Representatives from 65 countries will be attending the event including high-ranking officials from Germany, Belgium, Serbia, Venezuela, Brazil, Mexico, Oman, Qatar, the UAE, Saudi Arabia, Russia, Kazakhstan, Belarus, Uzbekistan, China, and India.
Iran Expo 2023 will serve as a platform for Iran to demonstrate its export capabilities to the world, with the hope that attracting foreign visitors will open new markets.
The exhibition will feature over 600 specialized business-to-business (B2B) meetings and detailed briefings on hundreds of factories and production units, all aimed at providing foreign delegations with a comprehensive understanding of the trade and investment opportunities available in Iran. The visiting business delegations will also embark on trips to Iran’s northern and southern ports to explore potential areas for collaboration.
The exhibition will cover several specialized fields including food industries, agriculture, livestock, poultry and fisheries, cars, electricity, carpets, household appliances, textiles, leather and clothing, chemical and petrochemicals, cellulose and sanitary products, handicrafts and tourism, medicine, medical and laboratory equipment, mining, construction industry, and technical and engineering services as well as petrochemical and technology-based enterprises.
Despite years of sanctions, Iran’s considerable achievements and production triumphs have not gone unnoticed. The Omani delegation, for one, has confirmed that it has taken note of Iran’s progress, as highlighted by Alireza Peyman-Pak, the Head of the TPO. According to Peyman-Pak, events like Iran Expo 2023 carry significant implications for the commercial and economic advancement of the country.
Given Iran’s economic capacities and its historical standing on the Silk Road, Iran is committed to the development of its transit infrastructure and is open to cooperation with all interested countries within this framework.
Deputy Foreign Minister for Economic Diplomacy, Mehdi Safari, has expressed Iran’s unreserved backing for the expansion and consolidation of cooperation between Iranian firms and their foreign partners. He places particular emphasis on utilizing the unique opportunities offered by Iran EXPO, underlining the current Iranian government’s unwavering commitment to the promotion and facilitation of exports, especially for the new technology-based firms (NTBFs).
With the exhibition expected to facilitate the signing of commercial contracts and memoranda of understanding, Iran Expo 2023 is poised to be a game-changer for Iran’s economic prospects.