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September 26, 2016

Australia’s government announced Monday it will reopen its trade office in Iran later this month.

According to a report carried by Australia’s ABC News on Monday, Canberra will re-launch its office in the Iranian capital ahead of a visit by the country’s Minister for Trade and Investment Steven Ciobo to Tehran this week.

A business delegation led by Ciobo is expected to discuss rebuilding trade ties between Iran and Australia after a very long hiatus.

‘There are significant trade opportunities as Iran re-engages with the world following the easing of sanctions,’ Ciobo told ABC following the announcement.

‘There’s opportunity in a myriad of areas, from agribusiness and food through to education, training and water management and not to mention the fact that we, of course, have a really strong and powerful track record in relation to resources and energy – something that is in abundance in Iran as well,” he added.

Back in May, the Australian government said it planned to allocate $5.3 million to re-launch its trade office following a lasting nuclear deal between Tehran and world powers.

There has been growing international interest in ties with Iran since Tehran and the Group 51 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 finalized a comprehensive deal on Tehran’s nuclear program and implemented it on January 16.

The comprehensive nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions on Iran after coming into force.

Tasnim

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.