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Talks in Iran to boost trade and economic relationship.

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Media release

Thursday, 5 September 2002 - MVT106/2002

Talks in Iran to Boost Trade and Economic Relationship

More than 50 representatives from 34 Australian businesses will accompany Trade Minister Mark Vaile on a business delegation that aims to increase business opportunities and forge new trading and economic relationships with Iran, Mr Vaile announced today.

Minister Vaile’s visit to Iran (9-11 September) forms part of a six-day three-leg trade and investment visit from 8-14 September that also takes in the United Arab Emirates (UAE) (8-9 September) and Brunei Darussalam (12-14 September).

Mr Vaile said Iran has been a long-standing and valued trading partner, with two-way trade last year exceeding $770 million, in sectors varying from agricultural goods to elaborately transformed manufactures, such as high-speed ferries and agricultural machinery, as well as technology and services. 

"This business mission is an opportunity to build on these existing ties and forge new and dynamic commercial relationships," Mr Vaile said. 

"Australia is already known in Iran as a reliable and competitive supplier of high quality wheat to Iran, indeed Iran is Australia’s second largest wheat export market."

"Our visit also provides an opportunity for Iranian businesses to gain an insight into the diverse nature of Australia’s large and dynamic economy.

"As well, the visit takes in the 9th Australia-Iran Joint Ministerial Commission meeting, which I will co-chair, and provides the opportunity for me to hold a range of meetings with Iranian Ministers.

"I am confident these exchanges, between both governments and business, will lead to an expansion of our already strong trading relationship.  It is in the interests of both sides for these types of exchanges to continue."

Mr Vaile will visit the UAE to sign an Air Services Agreement with the Minister for Communications, Ahmed Humaid Al Tayer, and hold discussions and his trade counterpart the Minister for Economy and Commerce, Sheikh Fahim.

"The UAE is Australia’s second largest trade market in the Middle East region, with two-way trade valued at $2.2 billion in 2001"

In Brunei Darussalam Mr Vaile will attend the 7 th annual ASEAN Economic Ministers and Closer Economic Relations Agreement (CER) consultations between Ministers from ASEAN and the Australia-New Zealand CER.

Mr Vaile said Ministers will consider the further development of the AFTA-CER Closer Economic Partnership (CEP) including progress in trade and economic cooperation and implementation of a CEP initial work program. 

"The Closer Economic Partnership work program aims to enhance regional economic cooperation between Australia, New Zealand and ASEAN.  The work program will look at joint activities which will boost trade and investment between our countries," Mr Vaile said.

"Ministers will also hold discussions with representatives of the newly-established AFTA-CER Business Council."

"We are keen to ensure business has the opportunity to contribute to the formulation of a

substantive and progressive work program and embraces some ambitious trade and investment goals between AFTA and CER. 

"During my visit to Brunei, I expect to meet with Singapore’s Minister for Trade and Industry George Yeo and Thailand’s Minister for Commerce Dr Adisai to discuss progress in Free Trade Agreement negotiations."

Mr Vaile will also attend a meeting of the Australia-Brunei Business Council where he will deliver the keynote address.   

Business delegation

Archimedes Consulting (mining, energy & industry);  Aressem Pty Ltd (AIRVAC vacuum systems);  Australian Gas Technology Services;  Australian National University;  Australian Photonics Cooperative Research Centre;  AWB Ltd; Bandwidth Foundry (Subsidiary of Australian Photonics);  BHP Billiton;  Clements Medical Equipment Pty Ltd;  Clipsal (electrical products);  Clough (technology & services);  CSIRO;  Curtin University of Technology;  Detpak Pty Ltd (packaging);  Fares Group (Agriculture);  Intercard Wireless Ltd (technology & services);  International Resources Consultants Pty Ltd;  International Training Australia Pty Ltd;  Meat & Livestock Australia;  MYC Enterprises (education services);  Nuemann Group of Companies (industry);  Oceanis Australia Group (aquariums);  PACE (education services);  PITCO (technology & services);  Santos Ltd;  Seaspray Aluminium Boats Emirates UC;  Tenix LADS Corporation (technology & services);  Toyota Australia;  Union Capital (mining, energy & industry);  University of Adelaide;  Vecien Ltd (Intercard Wireless) (communications);  Woodside Energy Ltd;  Government of South Australia;  Victoria Government Business Office.

Media Contact: Mark Croxford +61 02 6277 7420

This page last modified: Thursday, 05-Sep-2002 15:16:39 EST

Local Date: Friday, 06-Sep-2002 15:26:21 EST