Qatar wants five-fold increase in trade with Iran

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Flying under Irani wings, Qatar desires to boost trade size with Iran by five folds. The announcement was made by Iran’s Minister of Industry, Mines, and Trade Mohammad Shariatmadari after a meeting with the visiting Qatari Economy Minister Ahmed bin Jassim al Thani. 

Press TV reported.

Shariatmadari said the current level of annual trade between the two countries stood at below $1 billion, emphasizing that Doha had informed Tehran through al Thani about a proposal to increase this to as high as $5 billion per year. 

The Iranian minister said Qatar was eager to expand ties with the Islamic Republic in all areas as a result of the current conditions that the Saudi-led blockade against it had created, according to a report by Iran’s IRNA news agency. 

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