Iran official calls for initiating “economic diplomacy” with ECO member countries

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Speaking in an exclusive interview with IRNA economic correspondent, Mehrdad Sa’adat said that Iran had significant trade with ECO member countries which reduced after the COVID-19 outbreak in February 2020.

He said that many efforts have been made for the current level of trade be secured and maintained.

Referring to Iran’s $ 21billion export to other world countries, the official said that 75% of Iran’s exports are destined for neighboring countries.

Sa’adat said that Turkey’s share of Iran’s last year export amounted to some $ 1.4 billion.

He said that Iranian trade was subject to 41% decline with ECO member countries last year mainly due to the COVID-19 outbreak and the subsequent restrictions.

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