Czech Republic and Iran seek to boost trade

The Czech Republic and Iran are seeking ways to further increase their growing trade turnover. Following a meeting with the visiting Iranian Economy Minister Ali Tayebnia, Czech Industry and Trade Minister Jan Mladek said he would like to see bilateral trade increase tenfold in the near future. Czech exports to Iran increased by 46 percent in the first nine months of this year and bilateral trade is expected to get a new impetus with the signing of an agreement on protection of investments between the two countries scheduled to take place early next year. The Czech Republic has said it is ready to support Iran’s membership in the World Trade Organization.