Four-point agenda set for Tehran-Moscow private sector collaboration
The Iran Chamber of Commerce officially outlined through an issued statement on Sunday four main areas of cooperation between the private sectors of Iran and Russia.
The dispatch of an Iranian trade delegation to Russia in mid-May paved the way for presenting a list of mutual capacities to develop cooperation between the two countries' private sectors.
According to ISNA, following the visit of the Islamic Republic of Iran's trade delegation to the Russian Federation led by Samad Hassanzadeh – head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture – a statement was released by the Chamber.
The statement details the proposed areas put forward by the Russian side for developing private sector cooperation between Iran and Russia.
The statement introduced four main areas for joint cooperation, including cooperation in agriculture focusing on modern technologies and offshore farming; large-scale modernization of elevators in Russia involving five million units; participation in enhancing the productivity of livestock farming in Russia; and development of Iranian technical and engineering services exports to Russia.
Increasing economic interactions
According to the latest published reports (from the first half of the current Iranian calendar year month of Ordibehesht [April-May 2024]), in 2024, the volume of trade exchanges between Iran and Russia increased by 16.2 percent, reaching $4.8 billion.
As stated by the Russian energy minister during the concluding sessions of the 18th meeting of the Iran-Russia Joint Economic Commission in Moscow, "This indicates that the cooperation between the two countries is accompanied by positive momentum in trade."
Meanwhile, the two countries also initiated cooperation in the field of information and communication technology (ICT). A specialized trade delegation comprising representatives of Iranian knowledge-based companies participated in the specialized Iran-Russia ICT event in Moscow. At the event, companies from both sides introduced their products and services and expressed enthusiasm for developing trade exchanges, particularly in the ICT sector.