Iran, Hungary to Boost Bilateral Trade: VP

TEHRAN (Tasnim) – Iranian First Vice-President Eshaq Jahangiri underlined that the Islamic Republic welcomes promotion of bilateral trade with Hungary.

Iran, Hungary to Boost Bilateral Trade: VP

Speaking in a Monday meeting with Hungarian Prime Minister Viktor Orban in Tehran, Jahangiri described relations between the two countries as age-old, saying the establishment of Tehran-Budapest diplomatic ties dates back to over 90 years ago.

He said the economic relations do not match the level of political ones, adding, however, that the trip by the Hungarian premier to Iran is a turning point in the relations between the two countries.

The Iranian vice-president noted that there are great capacities in the two countries, which can be utilized to boost bilateral trade.

“The Islamic Republic of Iran welcomes the presence of Hungarian companies in Iran for investment,” he said, adding that they can sell their products in Iran as well as neighboring countries.

The visit by the Hungarian delegation came against the backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran's economic growth would rise remarkably after the final nuclear deal takes effect.

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