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Iran, Belarus Can Increase Trade to at Least $1 Bln a Year - Iranian Central Bank Head
Thursday, November 26, 2009 2:52 PM


(Source: Daily News Bulletin; Moscow - English)trackingMINSK. Nov 26 (Interfax) - Belarus and Iran have the potential to increase bilateral trade to at least $1 billion a year, Iranian Central Bank Governor Mahmud Bahmani said at a meeting with Belarusian Prime Minister Sergei Sidorsky.

"Our trade totaled nearly $100 million last year. But this is too little and does not match our potential. We have to increase our trade turnover at least to $1 billion," Bahmani said.

"We had a good and productive conversation with our Belarusian partners yesterday and today," Bahmani said. The parties, in particular, discussed ways to increase trade between the two countries.

"We believe that banks are among the fundamental structures to increase trade between the two countries. We are grateful for receiving the license to open the second bank [with Iranian capital in Belarus]. This makes our work easier. Countries cannot work together if there is no banking infrastructure," Bahmani said.

(c) 2009 Daily News Bulletin; Moscow - English. Provided by ProQuest LLC. All rights Reserved.

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