"The volume of trade exchanges between Denmark and Iran has increased in recent years and doubled in the past two years," Annan said in a meeting with Iranian officials in the Central city of Arak on Sunday.

Noting that medicine and medical equipment constitute the lion share of Denmark's exports to Iran, he said that foodstuff raw materials and industrial machinery may also find a place in the basket of his country's exports to Iran.

In a relevant development in September, Iranian Energy Minister Hamid Chitchian and his Danish counterpart Lars Christian Lilleholt in a meeting in Copenhagen underlined the need for expanding mutual cooperation in economic fileds, especially renewable energies.

During the meeting in the Danish capital, Chitchian and Lilleholt explored avenues for bolstering and reinvigorating of bilateral ties, especially in the field of renewable energies.

"Cooperation in the field of renewable energies serves as the pivot of cooperation between Iran and Denmark in the future," Chitchian said.

The Iranian energy minister also called for collaboration on renewable energies, promoting water resources quality and recycling waste water.

He pointed to the energy ministry's commitment to observe environmental considerations while implementing projects and Iran's voluntary participation regarding Paris International Forum's agreements, and said, "Given Denmark's capabilities as well as Iran's unparalleled capacities in the fields of wind and solar powers, promoting renewable energies application can serve as the basis of mutual cooperation in future."