Seoul hosts Iran’s trade opportunities conference

Seoul hosts Iran’s trade opportunities conference


TEHRAN-Trade Opportunities Conference of Iran opened in the South Korean capital in the presence of 600 merchants and officials in the eastern Asian country’s industrial sector on Thursday, the Shana news agency reported.

During the event, which was held with the contribution of Korea International Trade Association (KITA) and some other Korean companies, merchants and businessmen of South Korea were provided with precise information about Iranian customs, investment laws, Iran’s domestic law and various essential legal issues.

It was announced by KITA website on Thursday that lifting of the sanction imposed on Iran has opened the Islamic Republic’s gate toward other countries, adding that South Korean trade activists should take advantage of the opportunities to prepare themselves to enter Iranian market.

Tehran and Seoul will sign three agreements for cooperation in energy sector along with the upcoming South Korean President Park Geun-hye’ s visit on the head of a 300-strong traders and businessmen to the Iranian capital, from May 1 to 3, a top official in Iranian Oil Ministry told the Shana news agency past Sunday.

The current volume of trade between the two countries stands at around $9 billion which is expected to be increased to well above $10 billion in the near future, Press TV reported in February.

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