Africa-Iran trade up by 27% in six months

Trade volume between African countries and Iran increased 27
percent in the first half of the current Iranian year
(March-September 2022), an Iranian official said.

Addressing the second meeting of reviewing trade opportunities
of Africa and Iran on Tuesday with emphasis on Senegal, Deputy
Chairman of the Iran-Africa Business Club Ruhollah Latifi said that
the meeting was intended to pave the ground for promoting private
sector to enhance their presence in African markets, Trend reports citing IRNA.

Latifi also said that a new direct flight between an African
country and Iran will become operational within one year.

Six-month trade between Africa and Iran reached 1,437,500 tons
worth 761.5 million dollars, showing 1 percent growth in terms of
weight and 27 percent increase in terms of value of commodities, he
said.

Iran’s export to Africa stood at 1.382 million tons worth 710
million dollars, indicating 24 percent increase, he added.

According to the official, Tanzania, Kenya, South Africa, Ghana,
Congo, Seychelles, and Egypt are the first seven countries
exporting goods to Iran, while South Africa, Mozambique, Nigeria,
Ghana, Ivory Coast, Kenya, and Tanzania are the first seven
countries importing Iranian commodities, Latifi noted.

He went on to say that the Islamic Republic is paving the way
for participation of Iranian companies in Senegal’s FIDAK
International Fair, which is scheduled for December 16 to 31 in
Dakar.

Other participants in the Tuesday meeting in Tehran such as
Senegalese envoy to Iran, Iranian ambassador to Senegal and the
head of the Iran-Africa Business Club spoke about expansion of
cooperation between the Islamic Republic and the African
nation.

Mohammad-Reza Dehshiri, Iran’s ambassador to Dakar, emphasized
that Senegal, with an average economic growth rate of 5 percent in
last 7 years, is one of the most stable economies in Africa;
therefore, it can turn into the gate for export of Iranian goods to
other African nations.

Saliou Niang Dieng, ambassador of the Republic of Senegal to
Iran, said that his country enjoys free economy, which can provide
foreign investments and pave the ground for setting up
businesses.

Abdollah Hosseini, chairman of the Iran-Africa Business Club,
called for knowing economic infrastructure of Senegal in order to
become familiar with the capacities of the African country and
improve cooperation in the future.

Head of the Trade Unions of Senegal Republic expressed hope in a
video conference that the expansion of mutual ties will help
achieve joint objectives.

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