TEHRAN - At the initiative taken by the Iran Trade Center in Moscow, a memorandum of understanding (MOU) was inked between Iran and the Shopping Center Association (SCA) of Russia, Belarus, and Kazakhstan with the aim of facilitating the trade activities for the Iranian merchants and trader

The MOU was inked on May 17 in Russia’s Sochi city in a ceremony attended by the Director of the Iran Trade Center in Moscow Nikpour and the Head of the Union of Shopping Centers Bular Shakirov.

Given the extensive capacities of the bilateral trade between Iran and the Commonwealth Independent States (CIS), the MoU was signed with the aim of easing the trade activities for the Iranian industrial production units and businesspersons.

Benefiting from more than 500 shopping centers, this union has a high capacity for distributing products worldwide.

Monitoring and conducting joint research on the Iranian market and products to develop common opportunities for Iranian-Russian projects, facilitating the attraction of Iranian companies and investors in Russia, etc. have been cited as the most important provisions of the MOU.

Once this MOU is implemented, Iranian industrial and production units will take advantage of the opportunity created and can embark on increasing their market share in the markets of Russia, Belarus, and Kazakhstan.