Iran, Indonesia explore avenues of economic co-op

August 6, 2017 - 10:28

TEHRAN- Iranian Energy Minister Hamid Chitchian and Indonesian Coordinating Maritime Affairs Minister Luhut Binsar Panjaitan discussed expansion of economic ties in a meeting in Tehran on Saturday, the official website of Energy Ministry (known as PAVEN) reported.

“Indonesia’s exports to Iran is two times more than Iran’s exports to that country, while the ground is set to cover the existing balance of trade deficit,” Chitchian said during this meeting.

Referring to the previously signed electricity and energy MOUs between the two countries and the visits paid by Indonesians to Iran’s Mapna Group Company, the Iranian minister voiced his country’s readiness for development of technical and economic relations with Indonesia.

Panjaitan, for his part, said Indonesia can benefit from boosting economic ties with Iran, noting that Iran possesses a modern level of technology across the globe and the two sides’ economic relations can be expanded notably.

HJ/MA

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