Iran, Singapore to Increase Joint Ventures

A013523210.jpgIran and Singapore underlined the need to bolster joint investments, and called for direct relations between the two countries’ banks and financial institutes. The issue was raised during a meeting here on Wednesday between chairman of Iran’s Chamber of Commerce, Industries and Mines Mohammad Nahavandian and Singapore’s ambassador to Tehran.

In the meeting, the Iranian official noted his country’s economic, industrial, banking, technical and engineering and insurance potentials, and proposed that an economic and trade delegation be dispatched to Singapore to brief that country’s businessmen about Iran’s market and investment opportunities.

He further blasted certain countries for making a political use of economic instruments, and said, “That certain countries are keen on imposing their policies upon all countries is, of course, a reality, but there are always solutions to banking and trade problems.”

“Political ups and downs always exist, but the two countries’ trade parties should focus on economic issues. If there exists an economic commitment and if we approach the issue through a long-term view, then we can find and offer proper solutions to our own traders and investors,” Nahavandian concluded.

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