Kuwait will earmark a special port for Iranian imports in a bid to revive trade between the two major Gulf oil producers, Iran’s Irna news agency said yesterday, during a rare visit to Tehran by a Kuwaiti premier. Trade between Kuwait and Iran has declined to about $100mn per year from $500mn in 2005, Irna reported. It gave no reason for the downward trend. “All the Kuwaiti doors will be open to imports of Iranian products and there will be a special port for the entry of Iranian products,” Irna quoted Kuwaiti Prime Minister Sheikh Nasser al-Mohamed al-Sabah as saying in Tehran. He did not provide further details, according to the Irna report. His host, Iran’s First Vice President Mohamed Reza Rahimi, told the same news conference: “The Islamic Republic of Iran has opened its arms for the expansion of bilateral ties between the two friendly and fraternal neighbours.” Iran and Kuwait signed two memorandums of understanding covering trade as well as water and electricity, Irna said, without giving details.
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