Thursday, March 21, 2019  
Iran calls for enhanced banking ties with Georgia

Monday, May 07, 2018

At todays meeting with the Deputy Prime Minister and Minister of Economy and Sustainable Development of the Republic of Georgia, Minister of Economic Affairs and Finance of Iran emphasized the priority of banking ties between the two countries.

(SHADA: TEHRAN) -- Masoud Karbasian said the main topic of bilateral cooperation, which should be prioritized, is banking issues, and Iran is ready to establish banking branches in the Republic of Georgia.

He argued that solving banking problems would greatly contribute to the development of trade and economic relations between the two countries.

We are ready to cooperate with Georgia in the areas of customs electronic exchange, reinsurance, tourism, energy exchanges and cross-border cultivation, Karbasian said, while expressing satisfaction with the growing bilateral economic cooperation.

We are self-sufficient in some agricultural products and our food balance is positive, but we are ready for cross-border cultivation in Georgia, he added.

In the development of the North-South railways, the complete connection of the country to this line was among the government's plans, and the entire country will connect to the North-South railways by completing the 160-kilometer section of Rasht-Astara, the Minister of Economy noted.

According to the International Monetary Fund (IMF), the country's foreign exchange reserves are $108 billion, Karbasian said, referring to the country's $100 billion revenue from last year's exports.

During the meeting, Deputy Prime Minister and Minister of Economy and Sustainable Development of the Republic of Georgia, Komiskichovili, announced the readiness of Georgia to further develop bilateral trade and economic relations.

Since 2015, important meetings have taken place between officials of the two countries, including the meeting of the Georgian Prime Minister with the president and first vice president of Iran, which reflects the serious political will of Tehran-Tbilisi to develop relations in all areas, he stressed.

The Georgian capital market and stock exchange are very small compared to the Iranian stock exchange, and we want to use Iran's experience to develop the market capacities in our country, Komiskichovili noted.


Copyright © 2011   Iran’s Ministry of Economic Affairs and Finance News Centre   -  All rights reserved.