ID :
102568
Tue, 01/26/2010 - 02:10
Auther :
Shortlink :
http://m.oananews.org//node/102568
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Iran seeks enhanced ties with S. Africa
TEHRAN, Jan. 25 (MNA) – Iranian minister of Finance and Economic Affairs invited South African investors to take part more actively in Iran's economic projects.
Shamseddin Hosseini, in a meeting with Speaker of the National Assembly of South African, stressed the importance of increasing cooperation and making the most use of capacities to give a boost to bilateral ties.
He stated that thanks to South Africa’s unique location and its past political struggle the country has special status for us and mutual investment between the two countries must increase.
The minister added that the two countries can cooperate in the field of privatized companies and financial sectors.
Hosseini said that industrial and petrochemical factories as well as refinery projects are to be privatized during Iran's fifth development plan, adding that the Iranian government has eased regulations for the private sector and South Africans can have profitable investments in Iran.
The Iranian official highlighted the fact that according to government plans a remaining of $50 billion of the government assets must be sold to the private sector, adding that this is a good opportunity for South African businesses.
He added that the Majlis (parliament) of Iran supports foreign investment, adding that trade between Iran and South Africa is currently $150 million which Iran believes must increase.
Hosseini pointed out that the global economic crisis had minimal impact on Iran compared to other countries, adding that Iran has not limited its economic relations only to a few countries.
He said that the two countries will soon hold a joint economic meeting and an Iranian delegation plans to visit South Africa to review financial venues.
Max Sisulu said that the two countries’ relations will generally be established according to the framework devised by the joint commission held between Iran and South Africa.
He explained that the goal of his visit is to gain experience from Iran in the fields of transportation (metro), car manufacturing and pharmaceuticals.
He noted that his country imports 25 percent of its needed energy from Iran, and reminded that two South African telecommunication operators were operating in the here.
Shamseddin Hosseini, in a meeting with Speaker of the National Assembly of South African, stressed the importance of increasing cooperation and making the most use of capacities to give a boost to bilateral ties.
He stated that thanks to South Africa’s unique location and its past political struggle the country has special status for us and mutual investment between the two countries must increase.
The minister added that the two countries can cooperate in the field of privatized companies and financial sectors.
Hosseini said that industrial and petrochemical factories as well as refinery projects are to be privatized during Iran's fifth development plan, adding that the Iranian government has eased regulations for the private sector and South Africans can have profitable investments in Iran.
The Iranian official highlighted the fact that according to government plans a remaining of $50 billion of the government assets must be sold to the private sector, adding that this is a good opportunity for South African businesses.
He added that the Majlis (parliament) of Iran supports foreign investment, adding that trade between Iran and South Africa is currently $150 million which Iran believes must increase.
Hosseini pointed out that the global economic crisis had minimal impact on Iran compared to other countries, adding that Iran has not limited its economic relations only to a few countries.
He said that the two countries will soon hold a joint economic meeting and an Iranian delegation plans to visit South Africa to review financial venues.
Max Sisulu said that the two countries’ relations will generally be established according to the framework devised by the joint commission held between Iran and South Africa.
He explained that the goal of his visit is to gain experience from Iran in the fields of transportation (metro), car manufacturing and pharmaceuticals.
He noted that his country imports 25 percent of its needed energy from Iran, and reminded that two South African telecommunication operators were operating in the here.
