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Iran keen on IORA investment: VP

Xinhua, May 19, 2016 Adjust font size:

Iran's First Vice President Es'haq Jahangiri urged the Indian Ocean Rim Association (IORA) member states on Thursday to invest in Iran's development projects, official IRNA news agency reported.

Iran has comprehensive plans on the development of infrastructures, including roads, railroads and ports, Jahangiri said in IORA Free Trade Zone Authorities Meeting, held in Iran's Chabahar Free Trade-Industrial Zone (CFZ), southeast of Iran.

Jahangiri said the country's capacity in energy, mineral resources, as well as young and educated human resource, provide an opportunity for the other countries to invest in Iran, according to Tasnim news agency.

The transit routes that Iran can provide for the Indian Ocean littoral states would enable them to have access to markets in Central Asia, Jahangiri said.

"Iran can be a corridor connecting the Indian Ocean littoral countries to the markets in Central Asia and Caucasia with a population of 300 million," he was quoted as saying.

Iran is ready to boost economic ties with the IORA member states, he stressed.

The two-day meeting in Iran's Chabahar port city aims to provide the IORA members and other participants with new opportunities in regional and multilateral relations within a free-trade-zone framework.

In March 1997, the IORA, formerly known as the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), was formally launched.

According to its charter, the IORA seeks to build and expand understanding and mutually beneficial cooperation through a consensus-based, evolutionary and non-intrusive approach. Endit