The general-secretary of Iran Chamber of Commerce, Industries and Mines (ICCIM), Dr Gavahi held a meeting in Tehran with the managing director of Ireland's International Development Organisation (IDO), Dick Spring, discussing the mutual private sector co-operation between the two countries' free trade zones (FTZs).
The Irish official elaborated on Ireland's free trade zones, and the methods foreseen to attract foreign investments, particularly in the industrial and manufacturing projects. "As a result of the Irish government's efforts, over 40 percent of American and European investments have been channelled towards Ireland," he said. "In a bid to produce goods exportable to the Persian Gulf and the Central Asian markets, Ireland is interested in transferring technology to Iran for the launch of joint ventures."
In response, Dr Gavahi pointed out that Iran does need foreign technology to assist certain industries, so that products can be exported to third-party countries, adding that there are many projects in Iran's free trade zones where the two countries can work together ".
Noting the successful experience of previous joint ventures, the two concurred on the expansion of such efforts.

Dr.Gavahi and Dr.Entezari meeting Irish officials

Presenting the Irish official with a detailed account of the characteristics of Iran's FTZs, Dr Entezari, another ICCIM chief, asserted that the Iranian government is keen on expanding its non-oil exports and easing its reliance on oil revenues, by supporting foreign investments.
Citing guarantees on foreign private and public sector investments in Iran, Dr Entezari added that ever since the establishment of a specific Council for the protection of foreign investments, over 70 foreign firms and institutions have invested capital in Iran. "Iran's policy centres on the further attraction of direct foreign investments, and that foreign investors can take advantage of these conditions in both the oil-related industries as well as other sectors," he contended.
The Iranian Chamber official lauded the formation of the Iran-Ireland Joint Commercial Council as a leading step in helping boost mutual trade co-operation.
Dr Entezari also emphasised marketing, joint ventures on the production of foodstuffs, small and medium-size industries, and tourism consultation, as other areas where the two countries can work together and take advantage of Iran's potentials and Ireland's expertise.