South Korea is Iran’s second largest oil customer
South Korea Iran’s second largest oil customer: South Korea’s ambassador to Iran announces: The country’s contracts with Iran include two parts of government with government and private sectors of the two countries with each other. HEKim Seung-HO said in a statement And a special ball with the image of the day added: in the section of government contracts, the agreements have been implemented. However, in the case of agreements reached between the private sectors of the two countries, these cases have not yet been implemented due to some problems.
He stated: “In the recent meeting of the officials of the two countries, an initial agreement has been reached to open foreign currency accounts of Iranian businessmen.” According to him, if it is finally approved and signed, this issue will play a significant role in the development of relations between the two countries.
Kim-Seung-HO (H.E.Kim Seung-HO) in an exclusive interview with the news-analytical site of Rooz added: “Cooperation between the two countries, including in the trade sector, is increasing rapidly.”
“According to the latest statistics, South Korea’s imports from Iran have increased by about 170 percent,” he said. Meanwhile, South Korea’s exports to our country have grown by 25 percent.
He added: “The highest amount of economic cooperation between the two countries was about 17 billion dollars and was related to 2011, but during the embargo period, this figure decreased to one third.”
He stated that the decrease in the volume of relations between Iran and South Korea had two main reasons: the decrease in crude oil prices and also the decrease in oil imports due to sanctions had a negative effect on the trade volume of the two countries. Found.
He stressed: “Due to the increase in relations between the two countries, the trade volume between Iran and South Korea is expected to increase to $ 10 billion this year.”