Browsing: Trade Promotion Organization (TPO)

Iran’s development of economic and trade ties with Africa has been facing some problems.

The problems include lack of planning, lack of recognition and interest by the private sector organizations such as chambers of commerce and trade unions, lack of appropriate infrastructure and lack of government resources and facilities.

As part of its plan to gradually solve the above problems, Iran’s National Development Fund (NDF) has opened a €200 million credit line for the country’s Trade Promotion Organization (TPO).

The credit line will be used for developing exports of commodities and services to African countries.

According to Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries, the fund has been allocated as part of a $2-billion support package which has been allocated by NDF for developing the country’s non-oil exports.

“The board of directors of the National Development Fund has approved this fund and it has scheduled …