Conference on trade opportunities in Iran to open in Portugal

Madrid, Feb 26, (IRNA) A day-long conference on trade and investment opportunities in Iran is to open in the Portuguese capital, Lisbon, on Monday.

An Iranian delegation comprising heads of Iranian private sector companies headed by Tehran Chamber of Commerce, Industries and Mines head Mohammad Nahavandian will take part in the conference.

Tens of Portuguese commercial, industrial and investment companies have expressed a desire to attend the conference, invitations to which will be issued by the Portuguese Association of Industries (AIP).

The Iranian embassy in Portugal placed the value of commercial exchanges between Tehran and Lisbon at EUR 218 million in 2006, showing a rise of EUR 92 million from the previous year.

Iran exported oil valued at EUR 206 million and non-oil products worth EUR 14 million to Portugal in 2006.

Portugal exported some EUR 12 million non-oil commodities to Iran in 2006.

According to the Iranian Customs Administration, Portugal ranks 69th and 63rd in the list of top importers and exporter of goods from and to Iran respectively.

A 2nd conference on investment opportunities in Iran held last week in Madrid, Spain was also attended by the same Iranian delegation.