Official: Iran-US Chamber of Commerce to Resume Work in Future

TEHRAN (Tasnim) – A senior Iranian trade official said Iran and the US will revive the two countries' chamber of commerce if they resume their bilateral relations.

Official: Iran-US Chamber of Commerce to Resume Work in Future

"Iran-US Chamber of Commerce will be revived next (Iranian) year (March 21, 2014 - March 20, 2015) if the two countries re-establish their ties," Deputy Chairman of Iran Chamber of Commerce Asadollah Asgaroladi told reporters on Sunday on the sidelines of a ceremony here in Tehran.

Asgaroladi at the same time noted that the move in this regard is not necessary for now, adding that the two sides should wait and see the result of their negotiations.

On October 14 an Iranian economist had said that registering a joint Iran-United States chamber of commerce would take at least 6 months and was in need of prior approval of the ministries of foreign affairs and commerce.

Reacting to earlier reports on registration of such a chamber, the Head of the Imports Commission of the Iran Chamber of Commerce and Industries Majid Reza Hariri told Tasnim at the time that due to legal, technical and administrative issues, this process can take at least six months to complete.

"After getting the required permission from those two ministries, a number of active traders must apply for commercial ID cards to do trade with that country. Later, the founding members of the new chamber of commerce will be introduced and its articles of association and sets of rules and regulations devised, and eventually there will be call for a plenary session and the board of directors will be formed," he said.

The head of the Imports Commission of Iran Chamber of Commerce and Industries said any chamber could only be set up at the end of this process, which he said would take at least six months in the best situation.

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