Iranian Tar enters India's Mercantile Exchange ; Soltaninejad tells ILNA
Iran's Mercantile Exchange chairman gives detail on exporting tar to India.
Chairman of Iran Mercantile Exchange, "Hamed Soltaninejad" in an interview with ILNA, regarding attending in Indian Mercantile Exchange told that India has two major mercantile exchanges active in "spot market" and "derivatives market" and we have held preliminary negotiations with the stock market.
According to the top Exchange official, the negotiations have been held online and an agreement has been reached.
"As we export major part of our tar to India, such Mercantile Exchange would help us out in further attending in price, quality and added values" he noted.
He emphasized that stock exchanges will create platforms for direct trade of tar and as such the qualities would remain the same.
"In addition to this, the prices would stay real and the goods would reach the actual consumer" Soltaninejad underlined.
Noting that India wasn’t the only target in negotiations, and stressing that the tar is a strategic products, he told that since India is demanding the product for its vast and numerous predefined constructional projects, Tehran decided to choose the country for further trade in this field.
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