News ID: 111266
Published: 0756 GMT February 08, 2015

Iran-Italy trade hits $1.2b

Iran-Italy trade hits $1.2b

Trade between Iran and Italy reached $1.2 billion, of which $800 million pertains to Iran's exports to the European country, said the head of Iran-Italy Chamber of Commerce.

Ahmad Pourfallah added Italy is the only European country to have a positive trade balance with Iran, IRNA reported.

He pointed out that Italy is an appropriate market for Iran's textile, shoe making and heavy industries.

Referring to Iran's oil-dependent economy, he said given the rapid decline in global oil prices, special attention should be paid to the tourism industry to help the country improve its earnings.

He said Iran can use Italy's knowledge and experience in the tourism industry.

The official said the chamber can also provide training to economic advisors at the Iranian Embassy in Italy.

Pourfallah said the economic advisors played a very significant role in expanding Iran's trade with other countries.

He said the government selects the commercial attachés at Iranian embassies and introduces them to joint chambers of commerce.

He pointed out that based on a decision made in a meeting with the head of Trade Promotion Organization of Iran, the requirements of target countries, including Italy, will be introduced to the commercial attachés.

The official stressed attempts will be made to enhance Iran's participation at Milan Expo 2015 scheduled for May.

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