Tehran:Iran is pursuing the establishment of a joint committee of commerce with Uruguay to strengthen bilateral trade and investment ties, the president of the Iran Chamber of Commerce, Industries, Mines and Agriculture announced.

According to Islamic Republic News Agency, Samad Hassanzadeh made these remarks during a meeting with Uruguay’s Ambassador to Tehran, Beraldo Nicola. He highlighted opportunities for cooperation in engineering services, petrochemical and refinery technologies, and agriculture.

Hassanzadeh noted that Iran has the capacity to export industrial machinery and equipment, including loaders, tractors, and combine harvesters, as well as agricultural products, leather, footwear, and pharmaceutical goods to Uruguay. He also called for reviving previous trade flows, including Iranian imports of Uruguayan rice and meat, and exports of urea, ammonia, and fertilizers from Iran.

He acknowledged that while bilateral economic relations remain limited, there exists potential to expand exchanges by establishing necessary mechanisms for cooperation. The Iran Chamber is prepared to facilitate contacts between businesspeople from both countries and to receive a Uruguayan trade delegation. Implementing an earlier agreement to establish a joint committee of commerce would help advance economic ties, Hassanzadeh added.

He emphasized the importance of regular coordination between the Uruguayan embassy in Tehran and the Iran Chamber to facilitate business cooperation across different sectors. Ambassador Nicola praised Iran’s cultural and historical heritage and expressed hope for overcoming regional challenges, fostering better conditions for expanding bilateral relations. Highlighting that Uruguay's economy is primarily driven by the private sector, he noted the interest of Uruguayan businesspeople in cooperating with their Iranian counterparts.