2026-10-31 11:51
News Code: 566465

Iran-Africa trade turnover registers a 66 percent growth in H1

Iran-Africa trade turnover registers a 66 percent growth in H1

Iran’s minister of agriculture has emphasized that the value of bilateral trade between Iran and South Africa has registered a considerable 66 percent growth in the first half of the current Iranian calendar year (Mar. 21).

to report «iusnews»; Speaking in the First Iran-Africa Agricultural Cooperation meeting held in Tehran on Saturday, Iran’s Minister of Agriculture Gholamreza Nouri-Ghezeljeh stated that the $940 million worth of trade with lucrative African countries’ market is insignificant that should be developed to a great extent.

Iran and African countries have high potentials to increase and enhance their trade exchanges to a great extent and this issue must be taken into serious consideration, the minister stressed.

Emphasizing the need for a paradigm shift in economic relations, he called for the transformation of political commitments into operational projects and joint investments.

Pointing to the potential capacities of both sides, Nouri Ghezeljeh emphasized that Iran sees Africa not merely as a sales market, but as a strategic partner in production and development.

Elsewhere in his remarks, the Iranian minister of agriculture pointed to the complementary capabilities of Iran and Africa, highlighting Iran’s strengths in areas such as irrigation management, greenhouse construction, agricultural machinery, seed production, livestock and poultry farming, vaccines, and agro-processing industries/

He emphasized Africa’s immense potential regarding tropical products, fisheries, and its growing markets.

Comments
The maximum number of comment characters is 200
Please comment in English
go to top