CUBA - IRAN - VENEZUELA: The Axis, signs 2 trade agreements

Iran signs 2 trade agreements with Cuba, Venezuela
Deputy Commerce Minister Mehdi Ghazanfari said here Wednesday that Iran signed two protocols for trade with Cuba and Venezuela during recent visits of Commerce Minister Masood Mir-Kazemi and his accompanying delegation to the two countries.

Ghazanfari told reporters that based on one of the contracts, Iran and Cuba would levy 15 to 30 percent preferential tariff on their capital, intermediary and consumption goods.

He said Cuba would hence levy the tariff on 44 and Iran on 88 items.

He added that per a protocol signed with Venezuela, the partners would levy a preferential tariff of 25 percent on average on 100 exported items.

The official said Venezuela wants Iran to host the ALBA exhibition wherein to showcase products of Ecuador, Venezuela, Nicaragua, Haiti and Cuba.

Furthermore, Iran and Venezuela study a proposal raised during Iranian delegation's visit to Venezuela for formation of a joint shipping and insurance company.

Elsewhere in the interview, Ghazanfari said Iran's exports, including re-exports to Venezuela last year were worth dlrs 60 million.

The official then referred to a trade agreement signed with Japan External Trade Organization (JETRO), based on which the two sides would exchange commercial delegations and raise volume of mutual transactions.

Via: Islamic Republic News Agency