BAKU, Azerbaijan, April 29. Iran intends to boost Iran's annual trade turnover with Kuwait by $1 billion, according to the Iranian co-chairman of the Iran-Kuwait Joint Chamber of Commerce, Ebrahim Gholamzade, Trend reports.
The official said that Iran's annual export of non-oil products to Kuwait is about $300 million.
Currently, Iran's trade with Kuwait is one-way; however, in the trade cycle, there should be exports and imports from both countries, he explained.
Gholamzade also said that Iran's exports to Kuwait are mainly construction materials and food products.
"One of the goals envisaged in the direction of increasing Iran's trade turnover with Kuwait is to carry out cargo transportation between Iran and Kuwait by land through Iraq," the official added.
To note, according to the statistics of the Iranian Customs Administration, Iran's export of non-oil products in the last Iranian year amounted to more than 136 million tons worth $49.3 billion. Compared to the previous year, Iran's non-oil product exports decreased by 8.87 percent in terms of value and increased by 9.82 percent in terms of weight.
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