Minister-President of Flanders Geert Bourgeois announced that despite some problems remaining in financial cooperation and investment in Iran, two Belgian banks expressed readiness in this regard.
Bourgeois said that no contract has yet been inked between the countries but it is hoped that trade ties will be sustainable and long-term.
He added that most of Belgian firms are experiencing their first attendance in Iran and after getting information from Flanders Investment & Trade, they came to Iran to be familiar with cooperation opportunities and investment.
Bourgeois had earlier said on October 30 that Belgian trade office could be opened in Iran.
Speaking in Iran-Belgium Trade Conference, the Deputy Minister of Industry, Mine and trade Mojtaba Khosro Taj said that the trade exchange volume of Iran and Belgium is 300-400 million dollars per year and attempts should be made to boost the figure to over $1b.
Iran-Belgium Trade conference was held in the presence of 200 representatives of 140 Belgian firms on October 30 in Tehran.