TEHRAN – A 75-member trade delegation from Thailand, led by the country’s deputy commerce minister, will arrive in Iran today.

The delegation will participate in a seminar to explore investment opportunities in Iran, according to the Iran Chamber of Commerce, Industries, Mines, and Agriculture.

The Thai traders are active in the fields of food and agriculture, construction, car spare parts, as well as clothing and jewelry.

Meanwhile, Thailand’s Deputy Commerce Minister Suvit Maesincee in a meeting with Iranian Commercial Attaché Mohammad-Ali Pakseresht called for increasing the bilateral annual trade to $2 billion.

During the meeting, the Iranian official said his country has the capacity to invest in Thailand’s petrochemical, automotive, food, agriculture, and textile projects.

He referred to tourism and hotel management as a priority which can boost economic ties between the two countries.

Trade between Iran and Thailand amounted to $371.92 million in the previous Iranian calendar year, which ended on March 20, 2015, according to the Iran Customs Administration.

Bilateral trade totaled $217.55 million in the first seven months of the current Iranian calendar year.