Head of Iran’s Trade Promotion Organization and CEO of South Korean Trade-Investment Promotion Agency (KOTRA) have agreed to establish Tehran and Seoul joint trade desk.

Mojtaba Khosrotaj and Kim Jaehong, president and CEO of KOTRA met in Seoul on Saturday to address possibilities of preparing a framework for joint cooperation of Iranian and South Korean firms, Mehr News Agency reported.

“A reciprocal mission for South Korean companies will also be promoting Iranian products in domestic markets and to incorporate Iranian industrial spare parts in production,” Khosrotaj said.

“Joint investment in molding industry in the production of household appliances has been an area well forgotten, and immediate policy decisions should address this gap.

“Policies for more sustainable economic relations are necessary; Korean companies with an interest in Iran should follow such policies,” he added. “A trade desk will be established to introduce the capacities to tradesmen of both sides and address their concerns and needs.”