Head of Iran’s Chamber of Commerce, Industries and Mines Mohammad Nahavandian said “Europe’s economy is seriously interested in the expansion of co-operation with Iran for different reasons, including energy security, but political obstacles have caused some problems.”

Nahavandian observed that his country’s effort to establish and strengthen relations through the chambers of different nations played a key role in the expansion of Tehran’s ties with the European states. He also reminded that after the downturn despite political pressures, Iran has maintained and expanded its ties with many European companies, and also has developed relations with 40 chambers and joint councils of countries from different parts of the world.

It should be noted that in February, Nahavandian has said the West’s sanctions against Iran has helped to expand trade with non-western countries. He is of the opinion that sanctions increase the economic costs not only to those under sanctions but also to those impose them.

Nahavandian claims are well corroborated by the open and tacit support Iran is getting from within Europe and rest of US. While most EU countries reduced commercial activities with Iran over the past year, Austria expanded them, and several German firms too continued to maintain trade.

Iran which has the world’s second largest reserves of both oil and gas is facing US sanctions over its civilian nuclear program. However, the Iranian president Ahmadinejad’s strong defence at the ongoing conference of signatories of the Nuclear Non-proliferation Treaty (NPT) is likely to weaken the US stance on any fresh sanctions against Iran. Ahmadinejad said that Washington has offered not “a single credible proof” that Iran was seeking nuclear weapons, and reiterated that Iran’s intention was to produce nuclear power but not weapons.

Toboc Trade News

Agriculture Minister of India Sharad Pawar is reported to have informed his Russian counterpart Yelena Skrynnik that his country had the capability to meet those demands as and when they emerged. While both ministers met at the sidelines of the BRIC Agriculture Ministerial Meet, Skrynnik told that though abundant stocks of poultry products were available at the moment, we would turn to India whenever a requirement sprang up.

A sudden demand for poultry in Russia has resulted due to the ban imposed on the US and Brazilian poultry as imports from these countries did not meet Russian poultry standards. According to sources, Russian sanitary standards are quite stringent than internationally accepted ones. The Russian poultry imports from the US at some point of time had even risen up to 80 percent in the past but the new sanitary requirements enforced since Jan 1 have completely stopped all imports from the US.

It should be recalled that India too faced several import bans including the existing one from Russia on its meat and poultry products. Nevertheless, a Russian expert group is expected to visit India shortly to review this long-standing export ban.

Pawar said India was exporting bovine meat and poultry products to 60 countries, including Europe, and there was “enormous potential” for exports to Russia as well. Likewise, Skrynnik apprised that Russia last year had imported 600,000 tonnes of poultry and one million tonnes of meat.

However, it is not known that the good news to the poultry and meat industry of India would turn sour to domestic consumers like that of Turkey as it has been feared in Turkey that the export approval for 500,000 tonnes of white meat to Russia could jack up domestic poultry prices significantly. Besides, the Turkish consumers are worried that the new orders from Russia would even cause severe poultry shortage in the country even though Turkish Agriculture Minister, Mehdi Eker argues that production for exports and domestic needs are met separately.

Toboc Trade News