Tehran and Abu Dhabi have improved ties significantly in recent years, particularly in trade and economy
Abu Dhabi is hosting the first meeting of the Iran–UAE Joint Economic Cooperation Commission in 10 years, Iranian media reported on 30 April.
The sessions will be held over two days, from 30 April to 31 April, and aim to “develop cooperation between the two countries in all fields of economy, trade, investment and transportation,” Tasnim news agency reported on Tuesday.
It is being co-chaired by Iranian Minister of Roads and Urban Development Mehrdad Bazrpash and UAE Economy Minister Abdulla bin Touq al-Marri.
According to Tasnim, the meeting agenda includes discussions on international transit, particularly the International North–South Transport Corridor (INSTC).
The session will also include discussions between economists and entrepreneurs from the private sectors of both countries.
“A number of experts in the field of trade and investment will deliver lectures regarding the development of the business environment and rules governing investment opportunities,” Tasnim reported.
Two agreements on expanding economic cooperation are expected to be signed throughout the meeting of the joint commission.
Ties between the UAE and Iran have improved significantly in recent years, particularly in trade and economy. Improvement of ties surged specifically in the aftermath of the Iran–Saudi normalization deal in March 2023.
Iran imported $20.8 billion worth of goods from the UAE in the last fiscal year, which ended in March this year, according to the Iranian Customs body. The UAE was also Iran’s leading export destination during the same period.
🔗SOURCE ➡️ The Cradle
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