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Kuwait to set aside port for Iranian imports

Kuwait to set aside port for Iranian imports

Kuwait City: Authorities in Kuwait have strengthened ties with Iran, having signed two memorandums of understanding covering trade, water, and electricity during the Kuwaiti premier's visit to Iran. Accordingly, the prime minister announced that Kuwait plans to set aside a special port to receive imports of Iranian goods, writes "All 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 Mohammad al-Ahmad al-Sabah as saying during a meeting with Iranian First Vice President Mohammad Reza Rahimi in Tehran on Sunday. The two officials also called for increased cooperation to resolve the continental shelf dispute on Saturday. Iran and Kuwait dispute the ownership of a continental shelf gas field in the Persian Gulf. The volume of trade between Iran and Kuwait has declined to about $100 million annually from $500 million in 2005. [23/11/09]

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