Kuwait, Iran in talks to boost economic ties

06 Jan 2015

(MENAFN) The Kuwait Chamber of Commerce and Industry (KCCI) said that its country is seeking to enhance its bilateral trades with Iran as it prepares to meet with a delegation from Iran’s Ministry of Economic Affairs and Finance to discuss ways of boosting economic ties and trade, KUNA reported.

The meeting will also focus on finding ways to explore fresh prospects for bolstering bilateral ties, and to follow up on the implementation of a number of agreements signed between both states, as well as discuss the investment opportunities available at both countries.

Last year, up to six agreements were signed during the Kuwaiti Emir visit to Iran, covering economy, tourism, air transport, customs and trade exchange, with increasing the flow of trade being the main target behind these agreements.

Meanwhile, the chamber revealed that a major Kuwaiti private steel company operating in Tehran had signed an agreement with the Iranian Ministry of Industry to provide Kuwait with steel.

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