Thursday, October 01, 2009

So much for the fear of sanctions


TCCIM Chairman Calls S. Africa Iran's Potentials Trade Partner
FAR

TEHRAN (FNA)- South Africa has the potential to become a good trade partner for Iran, Chairman of Tehran's Chamber of Commerce, Industries and Mine (TCCIM) Yahiya Al-e Eshaq said on Wednesday. "Based on our assessments, South Africa could be a good trade partner for Iran. The two countries' markets, including the construction and housing market in South Africa, enjoy the potentiality for investment," Al-e Eshaq noted in a meeting with a visiting delegation from South Africa.

The official described South Africa as a "golden gate" for Iran to enter the huge market of Africa, and termed Iran an "important bridge" linking the African market to the Middle East and Asian Markets.

"We are eager to enter practical cooperation projects and joint ventures (with South Africa) soon and see the results of our negotiations and meetings in practice," Al-e Eshaq noted.

Ahmadinejad's administration has striven hard to maximize relations with the African continent. In March, President Ahmadinejad said that expanding Tehran's relations with African countries sets a priority for Iran's foreign policy.

During the meeting, Head of the African delegation Younnes Hossein pointed to the proper investment opportunities in Iran, specially in the oil and gas sectors, and said his country is seeking joint ventures with Iran.


Comment: Too little too late, sanctions do not legitimately exist. Too many Western countries let alone Asian countries are willing to do business with Iran. Coupled with Iran's ability to start developing 41 new oil and gas fields along with increasing their natural gas output by one billion cubic feet no one believes sanctions will impact Iran's decision making. Furthermore the data demonstrates that Iran's non-oil exports to six European countries exceeded $380 million in the first five months of the Iranian year. Countries participating and benefiting from trade with Iran still include: Belgium, Germany, Italy, Spain , France and England

No comments: