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29 July 2022, 18:26

Belarus-Iran trade expected to reach $1 billion soon

Seyed Reza Fatemi Amin
Seyed Reza Fatemi Amin

MINSK, 29 July (BelTA) – The trade between Iran and Belarus can hit $1 billion, Iran's Minister of Industry, Mines, and Trade Seyed Reza Fatemi Amin told reporters following his meeting with Belarus' Prime Minister Roman Golovchenko, BelTA has learned.

“We have discussed the possibility to increase the supply of heavy equipment for the mining industry. This industry is developing at a high pace in Iran. We will need a large number of dump trucks in the coming years,” Seyed Reza Fatemi Amin said.

The minister believes that the bilateral trade would grow significantly in the near future. “We plan to step up cooperation in different areas. All this will help us achieve $1 billion in bilateral trade in the near future,” he said.

In 2021 Belarus-Iran trade was estimated at $33.3 million, up by 34.7% over 2020. In January-May 2022, the bilateral trade rose by 35.6% year-on-year.

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