Breadcrumb
Iran begins goods export to Saudi Arabia weeks after reconciliation deal
Iran has begun the process of exporting goods to Saudi Arabia,Ìýthe Iranian industry and trade minister has said,Ìýafter the two countries signed a landmark agreement last month to restore relations.
"With the beginning of trade between Iran and Saudi Arabia, our colleagues at the Ministry of Industry, Mines and Trade have commenced the process of exports, " Reza Fatemi Amin told the Iranian state-linkedÌýIslamic Republic News Agency (IRNA).
The resumption of exports follows a Chinese-brokered normalisation deal Iran and Saudi Arabia signed on 10 March, with the two countries agreeing to restore formal diplomatic relations and reactivate security cooperation after a seven-year split.
The two sidesÌýagreed to re-open embassies and re-implement their 1998 agreement over cooperation in a diverse array of fields including technology, science, culture, and sports.Ìý
They also agreed to respect each other's sovereignty and upholod the principle of "non-interference in internal affairs".Ìý
The deal - and China's involvement - came as a surprise to the world and marked a major geopolitical shift. It has beenÌý°ä³ó¾±²Ô²¹â€™s most substantial and successful diplomatic engagement in the region to date.
Iran and Saudi Arabia had been discussing reconciliation for years prior, through a series of talks mediated by Iraq.
Riyadh and Tehran cut ties in 2016, following the execution ofÌýprominent Shia cleric Nimr al-NimrÌýin Saudi Arabia.