Iran, Kenya keen on trade expansion

August 14, 2008 - 0:0

Iran has sent a ranking delegation of officials and business leaders to Kenya to discuss ways to expand economic and trade cooperation.

Iranian Minister of Agriculture Jihad Mohammad Reza Eskandari arrived in Nairobi for the 5th session of the joint economic commission and in a meeting with Kenyan Prime Minister Raila Odinga requested an expansion of mutual cooperation between the two nations.
“Iran can help Kenya produce cars and tractors if an agreement is accelerated,” Eskandari said.
Iran has already initiated the production of automobiles in several countries including Venezuela, Syria and Senegal.
The Kenyan prime minister said his country requires more investment in its roads as well as slaughterhouses to boost beef exports and seeks Iran’s help to develop its manpower by establishing universities and colleges.
He added that Kenya is interested in Iran’s agricultural revolution as well, which has increased its annual production to more than 100 million tons of agricultural goods.
Odinga said Kenya also seeks an economic partner to increase its electricity production from 10,000 MW to 40,000 MW within 10 years.
On Tuesday, the two countries signed a trade agreement in Nairobi to have Iran import meat and tea from Kenya.
Trade officials also agreed to allow an Iranian bank to commence operations in Kenya.
“We would like to see an Iranian bank set up in Kenya, a trade center and even a shipment company among other facilities,” Abbas Abdolkhani, head of the African division at the Trade Promotion Organization of Iran, said during the deal’s signing ceremony.
“Kenya-Iran trade could be worth $500 million,"" Abdolkhani said.
(Source: Press TV)