Author Topic: Iran wants stronger economic ties with the Philippines  (Read 3426 times)


Iran wants stronger economic ties with the Philippines
« on: October 26, 2016, 02:44:33 pm »

Besides EU member-states, other countries have also expressed their interest in investing in the Philippines and broadening areas of economic cooperation under the Duterte presidency.

Earlier, Iranian Ambassador Mohammad Tanhaei informed the finance chief that Iran is keen on fostering better economic relations with the Philippines and, for starters, plans to import more bananas and explore areas of investment and cooperation in infrastructure and energy.

In a courtesy call on Dominguez, Tanhaei said Tehran also wants to strengthen connections between his country’s Central Bank and the Bangko Sentral ng Pilipinas (BSP) to pave the way for Iranian investors to start doing business in the Philippines.

The ambassador also informed Dominguez that a Deputy Minister of Iran’s Finance Ministry would be visiting the country this November to discuss with Philippine officials a framework of cooperation between Manila and Tehran.

Tanhaei said he is going to invite the head of Iran’s Central Bank to visit the Philippines to discuss issues on banking cooperation with the BSP.

Dominguez, in response, said: “We do want to improve our relationship with Iran and we would be very happy to meet your Central Bank Governor.”

Dominguez likewise assured Tanhaei that he would “be happy to assist him” and “will certainly welcome all of Iran’s officials” to Manila to help reinvigorate bilateral relations between the two countries.