Iran, Kazakhstan Have Vast Untapped Economic Potential: Kazakh Official

News ID: 994690 Service: Economy
قزاقزستان

TEHRAN (Tasnim) – Almas Aidarov, the vice president for Kazakhstan's Agency for Foreign Direct Investment, said Tehran and Astana have great economic potential which should be tapped.

Kazakhstan sees a "brilliant" future as Iran's partner in the Euro-Asian market, with the two economies "ready to open up all possibilities" together, Aidarov, who is currently in Tehran, told Spain’s EFE on Sunday.

"We're here because we want to take advantage of opportunities for our companies. During the visit, we've spoken about how we're all open and interested in expanding our capacities. We're two relatively large economies in which there is still much room to develop," he added.

Leading a high-ranking economic delegation to Iran, Kazakh Investment and Development Minister Asset Issekeshev is paying an official visit to the Islamic Republic following the termination of anti-Tehran sanctions.

During a meeting with Iran's Foreign Minister Mohammad Javad Zarif in the capital on Sunday, Issekeshev congratulated the Iranian nation on the recent implementation of the July 2015 nuclear deal between Tehran and six world powers and removal of anti-Iran sanctions, saying the 250-strong delegation accompanying him in his trip to Iran aim to boost trade relations with the Islamic Republic.

The visit 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, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program and implemented it on January 16.

The comprehensive nuclear deal, also known as Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

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

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