TEHRAN: Iran and South Korea have decided to triple their annual trade volume to $18 billion, President Hassan Rouhani announced after meeting his South Korean counterpart Park Geun-Hye.
“The two sides decided to increase by three times the current trade volume of around $6 billion (5.2 billion euros) to $18 billion,” Rouhani said at a press conference.
“We also spoke about tourism, direct flights between Seoul and Tehran, and Korean investment in Iranian tourism infrastructure, including building hotels,” he added.
Park is the first South Korean president to visit Iran since the two countries established diplomatic relations in 1962, and as Seoul seeks new markets to turn around a lengthy decline in export revenues.
“The two sides decided to increase by three times the current trade volume of around $6 billion (5.2 billion euros) to $18 billion,” Rouhani said at a press conference.
“We also spoke about tourism, direct flights between Seoul and Tehran, and Korean investment in Iranian tourism infrastructure, including building hotels,” he added.
Park is the first South Korean president to visit Iran since the two countries established diplomatic relations in 1962, and as Seoul seeks new markets to turn around a lengthy decline in export revenues.
