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EghtesadOnline: An Iranian delegation was in Uruguay earlier this week to participate in a bilateral trade conference and improvement of banking relations was at the forefront of prerequisites for expanding ties with the South American nation.

“Trade happens only through transfer of money and that will not be realized unless dynamic banking relations are formed, so the necessity of facilitating banking relations and creating direct credit lines will be the prologue to the most important factor for developing bilateral relations,” the head of Iran Chamber of Commerce, Industries, Mines and Agriculture said on Wednesday, ICCIMA’s website reported.

“We hope that representatives of the banking sector will be able to take executive steps in facilitating banking relations,” Gholamhossein Shafei added.

The Iranian delegation, which included representatives from businesses active in the fields of banking, medicine, medical equipment, agriculture, machineries, technical and engineering services, housing, energy and oil derivatives, was led by Iran’s Foreign Minister Mohammad Javad Zarif, according to Financial Tribune.


Iran Uruguay Trade Iran Financial Relations