Iceland And Iran May Bolster Economic Relations

Iran and Iceland are currently exploring economic ties with each other, and looking for ways to broaden them.

PressTV reports that Director of the Trade Promotion Organization of Iran Valiollah Afkhami-Rad and Iceland’s Accredited Ambassador to Tehran Gunnar Pálsson have been in talks to review what the two countries could offer each other.

Afkhami-Rad, while indicating that Iran’s new government has help the country begin to build more trade partners, said that Iceland could be a viable country to do business with. In particular, he mentioned scientific collaboration over fisheries, hydroelectric power, green energy, geology and tourism.

Pálsson reportedly has responded positively to the prospect, and is said to have invited Iran’s business delegation to a “fisheries exhibition” in Reykjavík on September 25.

Iceland and Iran have been on friendly terms for many years now. Most recently, in 2010, the two countries sought to strengthen their diplomatic ties. This decision was a result of a meeting between Iran’s accredited Ambassador to Reykjavík Seyed Hossein Rezvani and Icelandic president Ólafur Ragnar Grímsson (seen above). Part of these discussion also focussed on economic factors, with the Icelandic president expressing a willingness to extend technological knowledge in the fields of fishing and geothermal energy with Iran.