Iran, Qatar sign MOU to facilitate bilateral trade

TEHRAN,July 7(MNA) – Iran and Qatar signed a memorandum of understanding to facilitate their bilateral trade, Akbar Torkan, the secretary of Iran’s Free Zones Coordination Council stated. According to the MOU, Iran will increase exports of food and agricultural products, seafood, minerals, and construction materials to Qatar, Torkan said. “To this end, a piece of land in Iran’s Bushehr port has been allocated to Qatari traders and two pieces of land in Qatar’s Al-Ruwais and Doha ports have been allocated to Iranian traders to establish shipment facilities, warehouses, and cold stores for their exclusive use.” Qatar was the 33rd most important trading partner of Iran in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iranian Customs Administration. The annual non-oil trade between Iran and Qatar amounted to $114.3 million in the previous year. Qatar exported $17.7 million worth of non-oil goods to Iran and imported $96.6 million worth of non-oil goods from the country in Iranian year 1392 (March 2013-March 2014).