Friday, December 10, 2004

Iran upbeat with accords with Manila

IranMania News: "Iran upbeat with accords with Manila

Friday, December 10, 2004 - ©2004

LONDON, Dec 10 (IranMania) - Iranian Deputy Minister and head of the Trade Development Organization Mojtaba Khosrowtaj said on Thursday that he was pleased with the outcome of Iran-Philippines joint commission session, IRIB reported.

Talking to reporters at the end of the session, Khosrowtaj said that Manila expressed readiness to expand oil, energy and petrochemical cooperation with Iran.

He termed the establishment of the first Iran-Philippines commercial association as one outcome of the meeting.

Alluding to the competitive status of Iranian energy sector, Khosrowtaj stressed that Iran has long-term market.

During the meeting, two countries agreed to expand bank cooperation to facilitate the activities of businessmen, he added.

In addition to the membership of Philippines in the World Trade Organization and the Association of South-East Asian Nations (ASEAN), Philippines, during the meeting has taken into consideration its national interests.

Iranian deputy minister alluded to the limitation of the member states of World Trade organization in expanding commercial ties with other countries, saying that, despite this fact, Filipino officials are ready to expand economic and commercial relations with Iran.

He also referred to the goals of his visit to Singapore, saying that Singapore is the main commercial partner of Iran in Asia.

"Iran is ready to expand economic and commercial relation with Singapore," he said. He termed the prospect of Iran-Singapore ties as profitable saying that the Singaporean volume of trade exchange stands at $400 bln annually.

"Singapore is the gateway for southeastern Asian markets," Khosrowtaj added.

The fourth session of Iran-Philippine joint committee wrapped up its work in Manila on Wednesday night with the signing of seven documents on cooperation.

The documents were signed in a ceremony attended by Iran's Commerce Minister Mohammad Shariatmadari and deputy commerce minister, Filipino Trade and Industry Secretary Cesar Purisima, parliament speaker, and heads of trade, women and energy commissions of the Philippine parliament as well as Iran's ambassador to Manila.

The fourth Iran-Philippine joint commission meeting began on Tuesday with Shariatmadari and Philippines Purisima co-chairing the session.

Shariatmadari arrived in the Philippine capital Manila on Tuesday to attend the 4th session of the Iran-Philippines Joint Commission.

He left Manila for Singapore on Thursday."


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