The Iran-Kuwait Joint Chamber of Commerce is a public, non-governmental, non-commercial, and non-profit institution affiliated with the Iran Chamber, based on clauses “d” and “n” of Article 5 of the Iran Chamber of Commerce, Industries, Mines and Agriculture Law approved in 1369 The basis of the statute is established solely for the development of economic relations in all industrial, commercial, mining, agricultural and service sectors and to encourage bilateral exchanges and investments between Iran and Kuwait.
The country of Kuwait is one of the important neighboring countries in the Persian Gulf region, which hosts a significant population of Iranians who have always maintained economic relations between the two countries in all conditions. The field of commercial relations between the two countries prompted economic activists and businessmen in this area to form a common room in order to facilitate these relations.
Finally, this chamber was established in 2018 and a number of business activists in this field (real and legal) became members of this chamber so that by sharing efforts and using the existing potentials and through economic diplomacy, they can achieve two major goals, i.e. expanding commercial exchanges and The joint investment should be covered by the community. One of the most important goals of establishing the joint chamber of commerce of Iran and Kuwait is to regulate economic and commercial relations between the private sector of the two countries as an official and legal institution, to activate commercial and economic diplomacy, to develop non-oil exports and technical engineering services. , joint ventures and increasing the volume of foreign trade between the two countries.
Joint Chamber of Commerce of Iran and Kuwait with the aim of strengthening economic and commercial relations between the two countries, goals and tasks
It follows several steps as follows:
1- Collecting economic information
The secretariat of this chamber collects statistics and news related to the commercial and economic relations of the two countries. Applicants can access this information by sending a written request or visiting the chamber’s website.
2- Participation in economic events
A- Holding meetings and seminars: The chamber periodically organizes conferences and seminars to create economic opportunities and discuss members’ issues. The information of these meetings is usually notified a week before the holding through email and website.
B- Participation in exhibitions: After identifying the capacities of the target market, the chamber informs the members about suitable exhibitions.
C- Dispatch of business delegations: after identifying the target markets, the Chamber sends business delegations.
D- Meetings with Kuwaiti trade delegations: These meetings are arranged based on the activities of the incoming delegations and are informed to the economic operators.
3- Creating grounds for knowing the parties
Exporters can make it possible to find a business partner by submitting their resume and field of activity, although this process may take time.
4- Transferring member’s problems to the authorities
The Chamber of Commerce of Iran and Kuwait sends and follows up the problems of the members to the relevant authorities after the plan.
5- Providing joint investment facilities
This chamber, in cooperation with the Iran Investment Organization, tries to attract foreign investors and receives the projects of the members for further follow-up.
6- Supporting the health of business relationships
The chamber advises the members to have a valid contract with their Kuwaiti counterpart, to use valid inspection companies, and to use arbitration in case of disputes. Also, members can send inquiries to the secretariat to ensure the existence of Kuwaiti companies.
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Membership in the Joint Chamber of Commerce of Iran and Kuwait provides a valuable opportunity to access various information and services in the field of trade with Kuwait and has advantages such as:
Access to filtered and targeted information on business laws and regulations with Kuwait
Knowledge of the latest news and economic developments in the Kuwaiti market
Benefit from specialized information in various fields of business in Kuwait
The possibility of receiving free advice about the conditions for entering the Kuwait market
Legal:
By becoming a member of the chamber, you will be able to participate in courses to familiarize yourself with the company registration rules in Kuwait with a Kuwaiti attorney. You will also be able to benefit from free company registration services and advice.
Training:
Members of the chamber will have the opportunity to attend various training courses of the chamber with a special discount and in some cases for free. These courses have a unique variety, from the international business skills course to specialized training courses in English and business Arabic.
Business matching:
By attending B2B meetings, chamber members have the opportunity to make business contacts in Kuwait. Also, holding specialized meetings with Kuwaiti marketers (Handelsagenten) provides the opportunity to introduce you as an Iranian business in the economic environment of Kuwait.
Networking:
By becoming a member of the chamber, it is possible for you to be a guest in networking programs with well-known economic activists of the country, along with Kuwaiti economic activists and officials. You will also have the opportunity to introduce yourself as a chamber member in a dedicated section on the chamber’s website.
The Iran-Kuwait Joint Chamber of Commerce is a public, non-governmental, non-commercial, and non-profit institution affiliated with the Iran Chamber, based on clauses “d” and “n” of Article 5 of the Law on the Chamber of Commerce, Industries, Mines and Agriculture of Iran approved in 1369 The basis of the statute is established solely for the development of economic relations in all industrial, commercial, mining, agricultural and service sectors and to encourage bilateral exchanges and investments between Iran and Kuwait.
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