Georgia keen on using Iran’s stock exchange experience

In a meeting with Iran’s Finance Minister Masoud Karbasian in Tehran late Monday, he said that the activity of Georgian Stock Exchange is very low compared to Iran’s capital market.

Operating 31 flights between the two countries every week last year signifies high tourism economy capacity and mutual trade cooperation, he said.

Important meetings have taken place between the two countries’ officials including between the Georgian Prime Minister and Iranian president and vice president since 2015, which indicate serious political resolve of Tehran and Tbilisi, Kumsishvili said.

The Georgian official also voiced his country’s readiness to further boost bilateral trade and economic ties.

Karbasian, for his part, said that Iran is prepared to establish a bank branch in the country, saying that solving banking issues contributes a lot to promoting the two countries’ trade and economic relations.

“Iran is ready for cooperation with Georgia in the fields of electronic customs exchanges, reinsurance, tourism, power exchanges and extraterritorial cultivation,” he said.

Iran has reached self-sufficiency in producing certain agricultural products and it is ready for extraterritorial cultivation, Karbasian said.

Iran-Georgia trade exchanges stood at $ 156.665 million last year, of which $ 90.085 million pertained to Iranian exports to Georgia and $ 65.680 million to imports from that country.
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