"The private sectors of the two countries can cooperate in different areas,” Rabiyee said in a meeting with visiting Singaporean Senior Minister of State, Ministry of Defense and Ministry of Foreign Affairs Mohamad Maliki Bin Osman in Tehran on Friday.
The Iranian labor minister underlined the development of interactions and joint economic activities between Iran and Singapore.
"Iran is not just a 70-million market, because Iran opens access to the 300-million market of the region and services are easily delivered to the people of the region through Iran,” he added.
Maliki bin Osman, for his part, said that Iran’s oil export to Singapore has risen by 60 percent after the nuclear agreement between Tehran and six world powers (the US, Russia, China, France, Britain and Germany).
He reassured that a Singaporean trade delegation will visit Iran in the next couple of months.
Maliki bin Osman reiterated that Singapore is a regional marine hub and invited Iranian marine officials to visit Singapore and expand maritime cooperation with that country.
In relevant remarks on Tuesday, Deputy Foreign Minister Morteza Sarmadi underlined that Iran's private sector is ready for cooperation with Singaporean firms.
"Grounds are prepared now for the Singaporean firms’ economic activities in Iran, including investment in the energy sector," Sarmadi said in a meeting with Maliki Bin Osman in Tehran.
The Iranian deputy foreign minister pointed to the positive impacts of the Joint Comprehensive Plan of Action (JCPOA), and said that the nuclear agreement signed between Iran and the six world powers in July 2015 has prepared the ground for cooperation between Iran and Singapore in all fields, specially trade and economy.
The JCPOA was signed between Iran and the six world powers and was officially implemented in January 2016.
Sarmadi said that after the nuclear deal came into force, foreign companies from various countries voiced their readiness to invest in Iran.
Osman, for his part, pointed to Iran’s long history of civilization and voiced his country’s readiness to further broaden bilateral ties with Iran.
He also wished that Singaporean firms would soon be able to invest in Iran.