Australian trade minister to lead a business delegation to Iran this week

September 25, 2016

Australian Trade Minister Steven Ciobo is leading a business delegation to Iran this week in a bid to secure an early advantage for Australian companies looking for deals as the market of 80 million people re-enters the global economy.

The trade mission to Tehran is the first to the Islamic republic by an Australian trade minister since 2002, and follows the trip by Foreign Minister Julie Bishop in April in which she sought to recalibrate the relationship.

Mr. Ciobo will use his visit to talk about trade with his Iranian counterpart, Mohammad Reza Nematzadeh, and reopen Austrade’s office in Tehran to help Australian companies in doing business in Iran.

Executives from GrainCorp, WorleyParsons, LiveCorp, Oil Search, Qantas, Sydney University and Rubicon Water will travel with Ciobo tomorrow.

“Now that the UN and in particular the U.S. have brokered an agreement with Iran, the opportunity now is for economic reintegration,” he said.

“In many respects this is going to provide with me an insight of the world view inside Iran and we’ll provide an indication of what future opportunities there might be on an economic and trade front.”

Ciobo said that promising opportunities for Australia were to be found in mining and mining services, food and agribusiness, health and medical services and education and training.


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