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Iran become a wheat exporter this year.
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Egypt has held talks with Iran over the possibility of importing Iranian wheat, and hopes to see a new phase in economic relations with Tehran, Egyptian trade ministry said on late Saturday.
“The coming period will see the start of a new phase of economic relations between Egypt and Iran,“ the Egyptian ministry said in a statement, Reuters reported.
The ministry made its statement a day after Egyptian Trade Minister Rasheed Mohamed Racheed held talks with Iranian Industry and Mines Minister Ali Akbar Mehrabian in Cairo.
“The talks dealt with the possibility of importing wheat from Iran, especially given that Iran has become a wheat exporting country,“ the statement added.
The ministry said Egypt, one of the world’s biggest wheat importers, had also extended an invitation to Iran’s deputy commerce minister to visit Egypt to lay the framework for such wheat deals.
Once a net wheat importer, Iran has become self-sufficient in the strategic crop in 2004 and has joined the rank of wheat exporting countries since this year.
Meanwhile, a fax to Iran Daily by Iran Khodro Public Relations Office quoted Mehrabian as saying that the production line for Peugeot Pars, a sedan made by Iranian automaker Iran Khodro, was launched in Egypt late Saturday.
He noted that about 5,000 Peugeot Pars sedans are to be manufactured per year in Cairo in the first phase.
If the demand for Peugeot Pars gains increases in the Egyptian market and conditions improve for expanding Iran’s car market, the production line for other Iranian models would also be set up in Egypt.
Turning to Iran’s position in the Middle East and Persian Gulf markets, he pointed out that Iran has a favorable condition in terms of economic and trade development.
At the meeting, the two ministers negotiated on 20 subjects in the fields of economic and industrial cooperation.
Mehrabian hoped that mutual cooperation in cement, power and textile industries would be possible and the private sectors of the two nations would also become involved.
He pointed out that he would convey the message of peace and unity of the Iranians to the Egyptians, expressing hope that a new base could be built for mutual commercial and industrial cooperation.
The two nations which have deep cultural and historical roots can cooperate in many areas, he concluded.
Leading a delegation, the Iranian minister traveled to Egypt on Friday for a three-day visit upon an invitation by his Egyptian counterpart.
Egypt and Iran have not had full diplomatic relations since 1979 but both countries have edged toward resuming normal ties in recent years.