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29.09.2005 Business & Finance

Iranian Trade Delegation explores business opportunities

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Accra, Sept. 29, GNA - A ten-member Iranian trade delegation is in the country to explore investment opportunities in road construction, estate development, manufacturing and the industrial sector. Briefing the delegation at a meeting with members of the Ghana National Chamber of Commerce and Industry (GNCCI) in Accra on Thursday, Mr Solomon Abam Quartey, President of the Chamber said lack of information on business opportunities between the two countries had contributed to the low level of trade between them.

Trade between the two countries average about 250,000 dollars annually and is on the decline.

Mr Quartey said every effort should be made to enhance information flow to enable business operators' work hand in hand to improve on the current dismal trade performance.

He said with the current favourable investment climate coupled with good governance and political stability investors were assured of high returns on their investments.

Besides, the country has a very friendly exchange controls regulations that guarantees repatriation of profits by investors. Mr. Quartey mentioned the financial services sector, real estate, Information and Communication Technology as some of the viable areas that investors could explore.

Sheik I. C. Quaye, Greater Accra Regional Minister asked the delegation not to entertain any fears in dealing with their Ghanaian partners, saying business operators were trustworthy people. Mr Seyed Hamid Kalantari, Governor of Yazd Province, who led the delegation, said the meetings between trade associations were important for cooperation and to removing any existing suspicions. He said the Iranian government was favourably disposed towards establishing economic ties with African countries to expand its trade frontiers.

Mr. Kalantari described the meeting as a turning point between Iran and Ghana's trade relations. 29 Sept. 05

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