Iranian commerce minister Mas’ud Mirkazemi on Friday highlighted the expansion of Iran-Ukraine trade volume in a meet with the Ukrainian ambassador to Tehran, MNA Iranian news agency reports.

      Mas’ud Mirkazemi added that although Iran’s global trade is on the rise, its volume of trade with Ukraine accounts for less than five percent of the total volume of global trade, according to MNA Iranian news agency.

       He put stress on promotion of mutual ties in the aviation, rail transportation, steel, and machine-building industries, calling for finalizing the preferential tariffs of trade between the two countries.

       “Ukraine can benefit from Iran’s great potentials in the agricultural, pharmaceutical, food, construction materials, and household appliances industries,” said the minister.

       The official added that reinforcing the bilateral ties and removing the obstacles on the way of transportation and customs affairs will encourage private sectors of the two sides to get more involved in trade activities.

       Vladimir Butyaga, for his part, welcomed expansion of trade ties with Iran. He reiterated the importance of expanding mutual ties adding that over 20 Iranian and Ukrainian companies are in accord for cooperation in tourism sector.