(VOVworld) – President Tran Dai Quang told Gholamhossein Shafei, President of the Iran Chamber of Commerce, Industries, Mines and Agriculture, that leaders of both countries have pledged favorable conditions for their businesses to invest in each country to raise bilateral trade revenue to 2 billion USD.

President Tran Dai Quang receives Gholamhossein Shafei, President of the Iran Chamber of Commerce, Industries, Mines and Agriculture

At a meeting in Hanoi on Thursday, Mr. Quang said bilateral trade revenue of 116 million USD last year was below cooperation potential. Vietnam can export to Iran its staples, such as rice, tea, coffee, cashew nuts, and motorbike spare parts, at competitive prices and quality. Iran’s key export products are petroleum, chemicals, and elastic materials.