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Post Iran-Africa Event Report

The online conference on Iran and Africa trade opportunities was held on Tuesday, September 23, 2021, on the platform of Iran Virtual Expo.

The conference began with a speech by Mr. Hallaj, Deputy Minister of International Affairs of the Tehran Chamber of Commerce, with an introduction to Iran-Africa trade, providing information about the Africa’s markets and the impediments to foreign trade development with Africa.

Mr. Agha Jafari, Ambassador of Iran to South Africa, said that our performance in terms of trade with the African countries has not been satisfactory in recent years.

 He clarified that in order to get through this stage, we need to ask accredited study centers to study the current situation and help us author and implement the new program by providing solutions. His other suggestion was to think more clearly and bluntly in such webinars to better assess and solve problems.

He then stated 4 general issues as a pivot to having a standard business:

  • Reshaping trade

(From the traditional form and markets based on bilateral and multilateral agreements towards common markets and unions, etc.)

  • Network structure of international trade

(Without effective presence in trade networks, foreign trade can’t be successful)

  • International standardization

(International institutions have taken steps to standardize financial and trade relations, the most famous of which is the Financial Action Task Force.)

  • International sanctions

(The system of sanctions deprives foreign trade interests.)

Characteristics of New Africa include the rapid growth of the middle class and urbanization. Given Africa’s potential for exports, we can export a variety of non-oil goods, engineering services and import factory raw materials,oil seeds and food to cooperate.

Lack of direct airlines and shipping lines services, as well as inability to establish banking communication and lack of mutual recognition and unwillingness are obstacles to the development of exports and imports.

Iran’s ambassador to Nigeria Ali Back continued by providing demographic and the amount of revenue generated by Nigeria’s exports and import volumes. He stressed that investing in Africa requires a medium and long-term perspective and cannot be expected to receive short-term profits from it.

Nigeria’s imports were $53 billion in 2020 and increased by 12 percent this year. He added, major imported products include mineral fuels and oil, machinery and computers, automobiles and vehicles, medicine and plastic products, cereals and fish, and technical and engineering equipment.

 Mr.Sheibani, the Iranian ambassador to Tunisia, spoke of the region’s good trade opportunities due to its border with Libya and its obligation to know French.

The measures that Tunisia is taking for development can improve exports and imports. The following can be mentioned:

  • Modification and development of the rail network
  • Construction of oil refinery
  • Equipping seven ports and constructing docks
  • Expanding the capacity of airports and rebuilding them
  • Construction of desalination stations

Iran’s exports to Tunisia include fruits and citrus fruits, dyeing materials, iron and steel, plastic and chemical products, and oil and tractors.

At the end of the webinar, a question and answer session was conducted that the ambassadors answered the questions and provided comprehensive explanations on how to export and import and communicate with African countries.

 Click here to see the full video.

2021-08-29/11:56

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