0253 GMT February 21, 2018
Gholamhossein Shafei said in a meeting with Indonesian Ambassador to Iran Octavino Alimudin that Iran-Indonesia trade, which had reached a record high of $2 billion in 2011, has declined to $500 million due to sanctions, Mehr News Agency reported.
He however noted that the implementation of the Joint Comprehensive Plan of Action (JCPOA) changed the image by creating a new positive atmosphere in economic transactions and bilateral investments.
"Iran attaches great significance to East Asian and Muslim countries, particularly Indonesia which has excellent potentials for strengthening economic ties."
He touched upon good energy cooperation between the two countries and said that Iran can act as a gateway to CIS countries for Indonesia which can, in turn, can link Iran to ASEAN countries.
Pointing to a gap in communications between economic activists of Iran and Indonesia he called for exchange of more delegations to identify venues for collaboration.
The Indonesian ambassador said the holding of frequent sessions between traders of the two countries was a sign of determination to advance economic targets.
Alimudin said implementation of earlier agreements will lead to an upsurge in trade turnover between Tehran and Jakarta.
"An Indonesian oil company purchased $88 million of crude last year from Iran while the figure will climb to $220 million in the current year," highlighted the ambassador pointing to the rise in oil trade between the two sides.
He further called for improvement of trade tariffs between Iran and Indonesia saying "a delegation is slated to visit Tehran soon to identify and remove barriers to commercial transactions".