Iran and Kenya explore avenues for mutual economic cooperation
TEHRAN – The Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Wednesday convened a meeting with a Kenyan trade delegation to explore ways to expand economic cooperation between the two countries, in particular in the agricultural sector.
The meeting was attended by ICCIMA Deputy Head for International Affairs Mohammadreza Karbasi and Caroline Gichuki, founder and CEO of a renowned Kenyan agricultural company called Techfarm Travel Ltd.
Speaking at the meeting, the two sides highlighted barter trade, the use of the capacity of local banks, overseas agriculture and participation in joint exhibitions as a means of increasing the level of trade. between the two countries.
Welcoming the holding of such meetings as a way to pave the way for improving the level of cooperation between the two sides, Karbasian said, âKenya is one of the most important economies in Africa. Is and plays an important role in the agriculture, fishing and fishing industries.
âThe economies of Iran and Kenya are complementary. Agriculture is Kenya’s most important economic sector, and its main tea and coffee products are known around the world, âhe said, adding:â Agriculture abroad, creation conversion industries and joint activities in the livestock and meat sector are good investment opportunities for Iranian businessmen in this country.
The official expressed the Iranian private sector’s interest in investing in Kenya and noted that despite this willingness, the lack of infrastructure like banking relations and a direct flight line between the two countries is a major challenge in the way. of the expansion of trade between the two of the countries.
Karbasian valued the two countries’ trade in 2020 at $ 57 million, noting that Iran exported $ 50 million worth of goods to Kenya while importing $ 7 million from the country in the mentioned year.
According to the official, Iran can meet Kenya’s needs in the areas of petroleum and bitumen derivatives, petrochemicals, health tourism, medicine and food; Kenya, on the other hand, can meet the needs of the Iranian market for cocoa, coffee, tea, grains, as well as food and livestock products.
EF / MA
Photo: Mohammadreza Karbasian, Deputy Director of ICCIMA (center), and Caroline Gichuki, Founder and CEO of Techfarm Travel Ltd (left)