Iran, UK Can Expand Cooperation in Trade Field

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Iranian Ambassador to the UK Hamid Baeedinejad underlined that Tehran and London have the needed capacities to expand their bilateral ties, specially in trade and economic fields.

“There are many capacities for promoting trade ties between Iran and the UK despite the US sanctions which is hindering mutual cooperation,” Baeedinejad said, addressing a business meeting between Iran and Britain tiled “Iran-UK Business Relations: Opportunities and Prospects” attended by representatives of the British Ministry of International Trade, chambers of commerce of the two countries and British and Iranian trade companies.
He noted that participation of the Iranian and British companies in this event indicates there are still many capacities for developing economic cooperation.

“Though we were focusing on such oil giants like ‘Royal Dutch Shell’ and the British Petroleum (BP), the reality is that small and medium-sized enterprises can be more profitable in generating export-oriented income and also startups,” Baeedinejad added.

He reiterated that these companies are more flexible and have more abilities to face and manage risks and are able to participate in economic interactions.

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