1. 1 International Business Conference Azerbaijan (Shamakhi) 27 May, 2008 Perspective of Economic Cooperation of Islamic Republic of Iran and Republic of Azerbaijan EXIT

2. 2 Iran at a Glance 2007 EXIT

3. 3 ISLAMIC REPUBLIC OF IRAN ECONOMY & TRADE 2007 Key Indicators Population (Millions) 70 GDP (PPP) ($US Billion) 480 Import (FOB) ($US Billion) 48 Area (Million km 2 ) 1.65 Export ($US Billion) 91 Total ($US Billion) 139 Crude Oil & Gas (70) 77 % Source: Central Bank of Iran, Iran Customs Dept., The World Bank, IMF GDP Current $ ($US Billion) 294 Persian Gulf Trade Balance ($US Billion) + 43 EXIT Non-Oil Export (21) 23%

4. 4 Iran with a GDP worth $ 480 billion (based on Iranian Rial purchase power against us dollar) and over a $139 billion in Foreign Trade volume in year 2007 is one of the economic powers and large markets in the Middle-East region. Iran has extra ordinary expansion and investment potentials in the fields of Oil, Gas, Petrochemicals, Mines, Industries, Agriculture and Service sectors. ISLAMIC REPUBLIC OF IRAN ECONOMY & TRADE 2007 Key Indicators EXIT

5. 5 Iran ranks 4 th on Diversity of Agricultural Products in the world. Iran is the 2 nd Producer of Oil & Gas in the world. Iran holds 4 th to 9 th rank in the production of Zinc, Lead, Cobalt, Aluminum, Manganese, Copper in the world. 233 Techno-Engineering projects have been executed in 33 countries by Iranian companies over the last 10 years. ISLAMIC REPUBLIC OF IRAN ECONOMY & TRADE 2007 Key Indicators EXIT

6. 6 Industrial commodities make up about 70% of Non-oil export. Import structure consists of 20% capital, 60% intermediated, 20% consumer goods. Iran holds the 7 th standing in tourist attractions however, has little share in the trade of world tourism ISLAMIC REPUBLIC OF IRAN ECONOMY & TRADE 2007 Key Indicators EXIT

7. 7 Potential Export EXIT

8. 8 ISLAMIC REPUBLIC OF IRAN POTENTIAL EXPORT Potential Export Products & Services Agriculture Sector: Agriculture Sector: - Agricultural & Horticultural Products - Poultry, Husbandry & Fisheries Products Industry Sector: Industry Sector: - Food and Beverage - Textile & Leather - Construction Materials - Chemical Products - Fur Products - Plastic, Melamine Ware - Iron, Steel & Metal Ores - Refined Petrochemical Products - Pharmaceutical, Hygienic, Cosmetic Products - Transportation Equipment, Vehicles & Parts EXIT

9. 9 ISLAMIC REPUBLIC OF IRAN POTENTIAL EXPORT Potential Export Products & Services Mines Sector: Mines Sector: - Metal Mines - Non-Metal Mines Services Sector: Services Sector: - Tourism - Technical & Engineering - Financial & Banking - Information Technology - Health Care Services - Labor Force - Transportation & Transit Handicrafts Sector: Handicrafts Sector: - Hand Knotted Carpets - Handicrafts (other) EXIT

10. 10 Potential Export Comparative Advantage of Agriculture EXIT

11. 11 66 According to FAO, the principal structure of the world agriculture products is composed of 66 different products and Iran is among the top 10 countries producing 15 types of these products in the world Iran ranks 4 th on Diversity of Agricultural products in the world Cultivated Lands (about 14 millions of hectares) 4 4 Season Products ISLAMIC REPUBLIC OF IRANAGRICULTURE Comparative Advantage of Agriculture EXIT

12. 12 Continental Climate: - Different types of climates - Significant differences in temperature between: Different Regions of the country Different Seasons Day & Night (sharp difference) - 12000 Different Species of Plants - Average number of Sunny Days (300 Days) ISLAMIC REPUBLIC OF IRANAGRICULTURE Comparative Advantage of Agriculture EXIT

13. 13 ISLAMIC REPUBLIC OF IRANAGRICULTURE Production Rank in the World Husbandry 2007 CountryRank China1 Australia2 India3 Iran4 CountryRank China1 India2 Pakistan3 Sudan4 Bangladesh5 Nigeria6 Iran7 Sheep Goat Source: FAO EXIT

14. 14 ISLAMIC REPUBLIC OF IRANAGRICULTURE Production Rank in the World Crops Primary 2007 Source: FAO ItemRankShare SAFFRON 1 90.00 STONE-FRUIT(FRESH) 1 43.28 PISTACHIO 1 38.83 BERRIES 1 26.81 CHERRIES 2 12.25 APRICOTS 2 10.10 DATES 3 12.71 WALNUTS 3 9.82 FIGS 3 8.37 CUCUMBERS & GHERKINS 3 3.34 WATER-MELONS 3 2.22 LEMONS & LIMES 4 8.64 APPLES 4 4.03 CHICK- PEAS 4 3.56 EXIT

15. 15 ISLAMIC REPUBLIC OF IRANAGRICULTURE Production Rank in the World Crops Primary 2007 Source: FAO ItemRankShare ALMONDS 5 4.85 TANGERINE MAND.CLEMENT 5 3.08 TREENUTS 6 5.00 GRAPES 7 4.26 ONIONS, DRY 7 2.52 HAZELNUTS 7 1.84 TOMATOES 8 3.42 ORANGES 8 3.18 PUMPKINS,SQUASH 8 2.54 PEACHES & NECTARINES 8 2.47 KIWI FRUITS 8 1.78 VEGETABLES & MELONS 9 15.2 SOUR CHERRIES 9 4.31 LENTILS 9 3.07 EXIT

16. 16 Potential Export Comparative Advantage of Mine & Industry EXIT

17. 17 ISLAMIC REPUBLIC OF IRAN MINE & INDUSTRY Production Rank in the World Mineral Reserves ItemRank PERLIT 2 NATURAL GAS 2 OIL (CRUDE PETROLEUM) 2 ZINC 4 LEAD 4 COBALT 4 ILEMNIT 6 MANGANES ORE 8 BARITE 8 COPPER 9 CHROMIC 10 BAUXITE 11 POTAS 15 EXIT

18. 18 ISLAMIC REPUBLIC OF IRAN MINE & INDUSTRY Potential Export Mine & Industry Sector: - Food and Beverage - Textile & Leather - Construction Materials - Chemical Products - Fur Products - Plastic, Melamine Ware - Iron, Steel & Metal Ores - Refined Petrochemical Products - Pharmaceutical, Hygienic, Cosmetic Products - Transportation Equipment, Vehicles & Parts - Metal Mines - Non-Metal Mines EXIT

19. 19 ISLAMIC REPUBLIC OF IRAN MINE & INDUSTRY 1991-2007 Petrochemical Industry Source: National Petrochemical Company EXIT

20. 20 ISLAMIC REPUBLIC OF IRAN MINE & INDUSTRY 1989-2007 Petrochemical Industry Source: National Petrochemical Company EXIT

21. 21 ISLAMIC REPUBLIC OF IRAN MINE & INDUSTRY 1990-2007 Petrochemical Industry Source: National Petrochemical Company EXIT

22. 22 ISLAMIC REPUBLIC OF IRAN MINE & INDUSTRY 1989-2007 Petrochemical Industry Source: National Petrochemical Company EXIT

23. 23 Potential Export Technical & Engineering Services EXIT

24. 24 ISLAMIC REPUBLIC OF IRAN TECHNICAL & ENGINEERING SERVICES Consulting & Contracting Firms Dams, Tunnels, Bridges, Irrigation, Drainage & Waste Water Treatment Power Lines & Power Plants Electronics Industry & Information Technology Telecommunications Equipment Industrial Factories and Installations Machinery Design & Refinery Equipment EXIT

25. 25 ISLAMIC REPUBLIC OF IRAN TECHNICAL & ENGINEERING SERVICES Export Projects 1994-2007 PROJECTS (1994-2007) $US MILLION Road, Buildings & Construction4,165 Equipment2,386 Oil, Gas & Petrochemicals672 Irrigation & Drainage Networks502 Power Generation & Transmission1473 Information Technology110 TOTAL9,308 EXIT

26. 26 ISLAMIC REPUBLIC OF IRAN TECHNICAL & ENGINEERING SERVICES Export Markets 2007 2007-2008SHARE South America% 25 Middle East% 37 CIS & Caucasian% 13 Asia (Others) & Africa% 25 TOTAL% 100 EXIT

27. 27 ISLAMIC REPUBLIC OF IRAN TECHNICAL & ENGINEERING SERVICES Export Markets 1994-2007 Zimbabwe Sudan Libya Morocco Niger Bangladesh India Pakistan Afghanistan Tajikistan Turkmenistan Uzbekistan Kyrgyzstan Armenia Turkey Syria Kazakhstan Lebanon Yemen Oman Qatar UAE Kuwait Cyprus Albania 1994-2007 Senegal Iraq Azerbaijan Saudi Arabia Benin Djibouti Belarus Venezuela EXIT

28. 28 Foreign Trade Export & Import EXIT

29. 29 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 1980-2007 Trends of Export & Import Value: $US Billion Irans Export Irans Import Source: Central Bank of I.R. Iran EXIT

30. 30 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 2007 Trade by Regional & Economic Blocks Irans Non-Oil Export Irans Import Source: I.R. Iran Customs Administration Value: % Share EXIT

31. 31 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 2007 Main Trading Partners (Top 10) Non-Oil Export Value: $US Million Imports Source: I.R. Iran Customs Administration EXIT

32. 32 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 1997-2007 Non-Oil Export Trends Irans Non-Oil Export Value: $US Billion Source: I.R. Iran Customs Administration EXIT

33. 33 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 2007 Non-Oil Export ($US Billion) Share EXPORT OF GOODS *21%100 Industry Sector ( Including Petrochemicals) 14%69 Agriculture Sector4%13 Mine Sector1%5 Carpets & Handicrafts.5%3 Others1.5%10 * Source: I.R. Iran Customs Administration EXIT EXPORT OF SERVICES Technical & Engineering 2,7 Projects Value ($US Billion)

34. 34 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 2007 Import Trends Value: $US Billion Irans Import Source: I.R. Iran Customs Administration EXIT

35. 35 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 2007 Import by Main Products IMPORT OF GOODS $US Million Share Gasolene & Petrol 3412%7.06 Ingots of Iron and Non-alloy Steel 2380%4.92 Iron& Iron Steel 80 mm or more 753% 1.56 Concrete reinforcing bars and rods 693% 1.43 Petroleum Oils (Others) 582% 1.2 Hot roll iron/steel, not coil >600mm x >10mm 554% 1.15 Vehicle Spare Parts 553% 1.14 Soya Bean Oil 548% 1.13 Iron & Iron Steel <3mm 519% 1.07 Corn Seed 515% 1.07 Source: I.R. Iran Customs Administration EXIT

36. 36 ISLAMIC REPUBLIC OF IRAN FOREIGN TRADE 2007 Import Structure IMPORTSSHARE Capital% 20 Intermediate% 60 Consumer% 20 38 Source: I.R. Irans Custom

37. 37 Free Zones Trade & Industrial EXIT

38. 38 Unique Geographical Locations Sufficiently Developed Infrastructure Foreign Investment Incentives ISLAMIC REPUBLIC OF IRAN TRADE & INDUSTRIAL ZONES Advantages 6 Free Trade-Industrial Zones 19 Special Economic Zones EXIT

39. 39 ISLAMIC REPUBLIC OF IRAN TRADE & INDUSTRIAL ZONES Zones Distribution Free Trade-Industrial Zone Special Economic Zone EXIT

40. 40 Unique Climatic Conditions in the Persian Gulf Great Tourist Attractions (1,000,000 Incoming Passengers Annually) Good Potential for Electronic City and as a Home Base for Information Technology Strategic Location & Physical Distance from the United Arab Emirates ISLAMIC REPUBLIC OF IRAN TRADE & INDUSTRIAL FREE ZONES Kish EXIT

41. 41 Rich Mineral Reserves Deep Coasts Position of the Island in the routes of shipping lines convenient for Ships Maintenance, Fuel Installations and Logistics Great Tourist Attractions and Potentials for Bio-Technology Development ISLAMIC REPUBLIC OF IRAN TRADE & INDUSTRIAL FREE ZONES Qeshm EXIT

42. 42 Moderate Climatic Conditions Best Point for Transit of South East Asia to CIS, Afghanistan, Turkey and Iraq Good Access to Land Roads Good Infrastructure ISLAMIC REPUBLIC OF IRAN TRADE & INDUSTRIAL FREE ZONES Chabahar EXIT

43. 43 Moderate Climatic Conditions Best Point for Transit Good Access to Land Roads Good Infrastructure ISLAMIC REPUBLIC OF IRAN TRADE & INDUSTRIAL FREE ZONES Aras EXIT

44. 44 Investment Climate EXIT

45. 45 Contribution to Economic Development Financing Projects Financing Projects Upgrading Technological & Managerial Skills Upgrading Technological & Managerial Skills Enhancing Quality Output Enhancing Quality Output Increasing Employment Increasing Employment Export Promotion Export Promotion Sharing Benefits & Risks on equal terms without discrimination Sharing Benefits & Risks on equal terms without discrimination ISLAMIC REPUBLIC OF IRAN FOREIGN INVESTMENT The Policy EXIT

46. 46 Political & Economic Stability (D esired G.D.P Growth) Strategic Location Strategic Location E E asy access to 15 Neighboring Markets with the Population of 300 million and Imports of $US 200 Billion Market Potentials and Proximity Market Potentials and Proximity Labor Privileges Labor Privileges Developed Infrastructure Developed Infrastructure Low Utility and Production Cost Low Utility and Production Cost Abundant Natural Resources Abundant Natural Resources New Investment Legislation New Investment Legislation Climatic Characteristics Climatic Characteristics Fiscal Incentives Fiscal Incentives Political Stability Political Stability ISLAMIC REPUBLIC OF IRAN FOREIGN INVESTMENT Main Advantages EXIT

47. 47 ISLAMIC REPUBLIC OF IRAN FOREIGN INVESTMENT Distribution of Foreign Investment by Main Provinces (1993-2007) Source: Organization for investment, Economic and Technical Assistance of Iran (OIETAI) PROVINCE VALUE (US $ Millions) Hormozgan14,674 Bushehr7,595 Tehran2,185 Sistan & Baluchistan1,016 Isfahan991 Fars706 Yazd695 Gilan450 Khuzestan408 Ghazvin351 Markazi261 Kerman238 Kordestan225 Khorasan Razavi143 Total (Include Others) 32,142 EXIT

48. 48 ISLAMIC REPUBLIC OF IRAN FOREIGN INVESTMENT 1993 - 2007 Main Foreign Investors in Iran GermanyUAECanadaSingaporeItalyAustraliaFrance 2,8391,7231,007838748682471 Value : US $ Millions Source: Organization for investment, Economic and Technical Assistance of Iran (OIETAI) EXIT Europe: 30 % Africa: 25 % Asia: 34 % Others: 8 % America: 3 %

49. 49 EXIT Exploring Markets Globally Exploring Markets Globally Market promotion activities of ITPO enable Iranian companies to identify new marketing opportunities for their goods & services and educate exporters about target markets charac`teristics. Market Information ITPO disseminates information on foreign markets and business opportunities to Iranian SMEs. Reports covering changes in trade trends, competitors' activities, new business opportunities, trade policies and regulations are also made available to Iranian companies. TPO Services Main ITPO Services

50. 50 EXIT International Trade Cooperation ITPO places special emphasis on developing and maintaining cooperative relationships with TPOs (Trade Promotion Organizations) as well as major international trade organizations to facilitate trade on a reciprocal basis. ITPO places special emphasis on developing and maintaining cooperative relationships with TPOs (Trade Promotion Organizations) as well as major international trade organizations to facilitate trade on a reciprocal basis. Trade Missions Trade Missions ITPO organizes trade missions to major existing and emerging markets. By participating in these missions, Iranian companies can develop business contacts and network with foreign officials, business leaders and international buyers. TPO Services Main ITPO Services

51. 51 EXIT Collecting Business Information to Serve Businessmen Collecting Business Information to Serve Businessmen ITPO undertakes comprehensive world market research activities and monitors the economic environment as it impacts on trade trends. ITPO also studies world trade issues, business trends, and new management strategies. Trade Fairs & Exhibitions ITPO issues permission for organizing domestic & International exhibitions in Iran and also participation of Iranian companies in international trade fairs and exhibitions abroad.ITPO also supports participation of Iranian SMEs in international events for displaying their growing diversity and sophistication of products and services. TPO Services Main ITPO Services

52. 52 EXIT Trade Enquiries ITPO responds to trade-related enquiries from foreign buyers, trade associations, chambers of commerce, foreign missions in Iran, business visitors to Iran as well as Iran Business Community. The trade enquiries from foreign buyers are disseminated to Iranian companies and the related Associations. ITPO through its website disseminates trade enquiries from foreign companies wishing to source for Iran products and services. TPO Services Main ITPO Services

53. 53 EXIT Business Training & Seminars ITPO organizes seminars and workshops to nurture new exporters and update existing exporters on trade developments and business opportunities in international markets. The topics covered include: export opportunities in new and emerging markets, trade regimes and procedures, product promotion, skills in international marketing and e-commerce. ITPO hosts seminars and workshops to better promote communications and the sharing of information among related organizations, and distributes a variety of publications dealing with information on both Iran and foreign markets and products. TPO Services Main ITPO Services

54. 54 EXIT Publications on Trade ITPO produces trade publications for international and domestic circulation. These include Iran Export Directory, Iran Trade Yellow Page, Made in Iran Directory and Sectoral Directories in the fields of Agriculture, Industry & Mine, Technical & Engineering Services, Carpet & Handicrafts and also a calendar of major Trade Events in the country. Most publications are produced in English, and other selected languages. TPO Services Main ITPO Services

55. 55 Islamic Republic of Iran & Republic of Azerbaijan EXIT

56. 56 EXIT List of major products imported by Azerbaijan CodeProduct label Imported Value in 2003,US Dollar thousand Imported Value in 2004,US Dollar thousand Imported Value in 2005,US Dollar thousand 'TOTALAll products2,626,4183,515,8524,211,207 '84Nuclear reactors, boilers, machinery, etc491.238776.4381,079,165 '87Vehicles other than railway, tramway112.974169.465285.093 '85Electrical, electronic equipment193.775308.074323.699 '73Articles of iron or steel386.438466.937308.061 '10Cereals115.633193.125127.921 '24 Tobacco and manufactured tobacco substitutes18.3123.79181.928 '90 Optical, photo, technical, medical, etc apparatus51.99870.86877.535 '27Mineral fuels, oils, distillation products, etc296.107401.707499.673

57. 57 EXIT '88Aircraft, spacecraft, and parts thereof4.6413.37896.356 '17Sugars and sugar confectionery29.78730.50333.901 '39Plastics and articles thereof52.00659.90767.973 '72Iron and steel70.50487.832123.303 '25 Salt, sulphur, earth, stone, plaster, lime and cement31.40850.50171.763 '30Pharmaceutical products31.40827.631.947 '44 Wood and articles of wood, wood charcoal31.17538.50751.176 '38Miscellaneous chemical products15.81623.98733.873 '26Ores, slag and ash28.654.93469.61 '94 Furniture, lighting, signs, prefabricated buildings52.255145.089157.692 '99Commodities not elsewhere specified1.6013.2416.772 '89Ships, boats and other floating structures195.38531.81525.113 CodeProduct label Imported Value in 2003,US Dollar thousand Imported Value in 2004,US Dollar thousand Imported Value in 2005,US Dollar thousand

58. 58 EXIT Major exporting countries to Azerbaijan ( (US Dollar thousand) Exporters Imported value in 2003 Imported value in 2004 Imported value in 2005 Imported value in 2006 Imported value in 2007 'World2,626,4183,515,8524,211,2075,267,6405,712,178 'Russian Federation383.87569.379717.2111,181,5841,003,886 'Turkey195.072224.916313.002385.04624.692 'Germany169.858198.433256.325403.838471.198 'Ukraine118.82170.341226.251317.512465.558 'United Kingdom286.428421.726384.961453.765411.329 'Japan101.474127.10870.611188.294295.091 'China92.371145.466173.812222.493278.794 'United States of America132.582131.851141.28197.986268.906 'Kazakhstan138.706236.73495.345127.252222.294

59. 59 ( Major importing countries from Azerbaijan (US Dollar thousand) Importers Exported value in 2003 Exported value in 2004 Exported value in 2005 Exported value in 2006 Exported value in 2007 'World2,591,7183,615,4484,347,1516,372,1576,058,319 'Turkey107,028182,616275,959388,1451,056,323 'Italy1,345,9471,614,8541,315,7422,845,408940,929 'Russian Federation147,812209,749285,416344,259527,122 'Iran (Islamic Republic of)49,126153,538166,468295,902434,731 'Indonesia23129,355013390,293 'Israel138,113323,738195,063684,829369,846 'Georgia111,457188,839208,436285,275343,82 'United States of America63,85825,98143,15898,191289,17 'France209,72566,884406,717347,58258,843 'India1,3095,3851,6251,008144,948 'Kazakhstan10,1289,40817,166105,656127,594

60. 60 The most important available Agreements between two countries Agreements Item Trade Agreement 1 Agreement on Reciprocal Promotion and Protection of Investments 2 Agreement on Banking relations 3 Agreement on Mutual administrative Assistance for the proper application of customs law 4 Air Transport Agreement 5 Road Transport Agreement 6 Vegetable / Plant Quarantine Agreement 7

61. 61 Trend of non- oil trade of Iran With Azerbaijan 2002- 2006 year ExportImportBalance 2003 29149/1141/9 2004 260/5153/5101/5 2005 309/7166/4132 2006 321/5295/912 2007 340434/7- 94/7 EXIT Value in million$

62. 62 HS Code Major Iran (Islamic Republic of)'s exports to Azerbaijan Thousand US dollar Value in 2003 Value in 2004 Value in 2005 Value in 2006 'TOTALAll products291,011260,584309,706321,531 '04Dairy products, eggs, honey, edible animal product nes1,3724531,115840 '05Products of animal origin, nes7,4693,25413,67620,653 '07Edible vegetables and certain roots and tubers9,5155,92310,01619,29 '08Edible fruit, nuts, peel of citrus fruit, melons6,4219,98514,12314,328 '34Soaps, lubricants, waxes, candles,5,6853,7044,945,119 '38Miscellaneous chemical products1,5372,4231,9922,565 '39Plastics and articles thereof14,55512,07232,23245,692 '41Raw hides and skins (other than furskins) and leather10,0997,0727,1377,919 '42Articles of leather, animal gut, harness, travel goods7,8334,7123,4122,419 '48Paper & paperboard, articles of pulp4,4894,1065,1475,967 '57Carpets and other textile floor coverings8,21769,1148,468 '58Special woven or tufted fabric, lace, tapestry etc8,1427,8883,9215,305 '61Articles of apparel, accessories, knit or crochet33,2635,45928,23921,993 '63Other made textile articles, sets, worn clothing4,0663,3918,4338,499 '64Footwear, gaiters and the like, parts thereof18,17614,93118,27914,266 '68Stone, plaster, cement, asbestos, mica, etc7,6986,819,78714,302 '69Ceramic products10,23912,07814,20715,199 '70Glass and glassware8,19216,32516,25817,069 '73Articles of iron or steel4,6323,1043,8047,132 '87Vehicles other than railway, tramway1,2272,059,02110,772

63. 63 EXIT Concluding an MOU on expansion of cooperation between TPOs of the two countries that includes the following issues: 1. Exchange of trade missions; 2. Exchange of trade information; 3. Holding business forums; 4. Enhancement of exhibition cooperation; Proposals to promote the economic relations between two countries

64. 64 EXIT Active Participation of private sector in trade combination of both countries; Active Participation in international, solo and specialized exhibitions to be held in either of the countries; Establishment of Iran and Azerbaijan common trade Committee; Establishment of joint ventures to implement common projects; Proposals to promote the economic relations between two countries

65. 65 EXIT ٍٍٍٍٍٍٍٍٍ Enhancement of transit infrastructures; ٍٍٍٍٍٍٍ Connection of railway networks of Iran, Azerbaijan and Turkey; Promotion of cooperation on joint investment; Establishment of trade center of Iran in Baku. Proposals to promote the economic relations between two countries

66. 66 EXIT I hope we will witness a continuous improvement in the economic cooperation,promotion of trade ties and exchanges of business opportunities. I do hope that the presence of the esteemed and honorable experts in this conference will pave the way for identifying the mutual opportunities and, with the assistance of the practical strategies proposed by you, the impediments on the path of the expansion of bilateral and multilateral economic and trade cooperation will be removed. Closing Remarks

67. 67 EXIT Thank you again for your presence and attention..