News ID: 1086
Published: 0336 GMT September 02, 2014

Iranian experts to visit Russia for export prospects

Iranian experts to visit Russia for export prospects

Iran plans to dispatch a specialized team to Russia to study the market for food exports, the head of Iran's Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said.

Gholamhossein Shafeie also told Fars News Agency ICCIMA has set up a special workgroup to study Russian market needs and a specialized team will be sent to Russia soon.

He noted that Iran has formerly exported agricultural products, fresh fruits, tomato paste and fruit juice concentrate to the Russian market.

"We are planning to increase the volume of Iran-Russia trade transactions," he said.

Last month, a trade official announced that Iran has become an exporter of food products to Russia after Moscow banned imports of agricultural and food products from countries that imposed the US and EU-led sanctions on Russia.

"Iran will start exporting eggs to Russia in the next two weeks," said Managing Director of Iran's Egg Exporters Union Hedayat Asghari.

He explained that Iran is ready to export 5,000 tons of eggs to Russia every month.

Asghari said Iran produces an extra 20,000 tons of eggs every month.

"Part of Iran's egg production surplus is also exported to Iraq, Armenia, Tajikistan and Georgia," he said.

The first round of sanctions against Russia was implemented by the United States and the European Union back in March as a response to Crimea’s reunification with Russia following a referendum.

As the Ukrainian crisis escalated, Switzerland, Canada, Australia and Japan gave in to US pressure and drew up their own sanctions.

In response to Western sanctions, Russian President Vladimir Putin signed an order on economic measures to protect the country’s security. The decree went into effect on August 7 and banned the imports of agricultural and food products from the countries that had imposed sanctions on Russia for one year.

The list of banned products includes meat, poultry, fish, seafood, milk, dairy products, fruits and vegetables.

Moscow said earlier it was ready to review the terms of its import restrictions if its Western partners showed a commitment to dialogue.

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