TEHRAN - A high-ranking Hungarian trade delegation is scheduled to visit Iran in early October in a bid to explore trade opportunities created in the Islamic Republic following its nuclear deal with the world’s major powers.

The delegation will be comprised of a number of Hungarian ministers and 113 representatives of the country’s private sector, the IRNA news agency reported on Monday.

Members of the Hungarian delegation are scheduled to meet with some senior Iranian economic officials and private sector activists during their stay in Iran.

In a meeting with the Hungarian ambassador to Iran Janos Kovacs, Valiollah Afkhami-Rad, the director of the Trade Promotion Organization of Iran, expressed hope that given the business environment created in Iran after its nuclear agreement, it is hoped that the country’s economic ties will be enhanced with Hungary.

During the sanctions time, Iran managed to achieve many noticeable successes relying on its domestic capabilities; therefore, today the ground is prepared for the expansion of its economic and trade ties with other countries, the official noted.

For his part, Kovacs said: “We hope that through holding meetings between the two countries’ economic activists, some big steps will be taken for broadening Iran-Hungary bilateral economic ties.”

Meanwhile, during this trip, the Hungarian National Trading House is expected to sign a memorandum of understanding with TPOI for the expansion of trade and commercial cooperation between the two countries.

Hungary has dispatched two trade delegations to Iran during the past year.

In a meeting between Iranian President Hassan Rouhani and Hungarian Foreign Minister Peter Szijjarto on May 18 in Tehran, Rouhani said Iran is ready to expand political, economic and cultural relations with Hungary. 

MA/