Tehran, July 29, IRNA � Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and visiting French Foreign Minister Laurent Fabius discussed mutually-interested issues here on Wednesday.

In the meeting Nematzadeh said that Iran's strategy is long-term cooperation and joint investment.

He said Iran enjoys great capacities for foreign investors, which France can use.

The Industry minister also said that Iran has a high engineering capacity and that the two countries can have satisfactory cooperation in all fields of industry.

He added that Iran needs long-term strategy, and said, 'We entered negotiations with other European countries and number of agreements habe been prepared to be implemented as soon as limitations are removed.'

Referring to conditions of joint investment, Nematzadeh said Iran has reached agreements with Volks Wagen, Daimler Benz and Japanese car makers, whose work will begin after removing sanctions.

Referring to cooperation background with French companies of Peugeot and Renault, Nematzadeh said the companies should prepare a framework for joint investment of 50-50 to produce new cars.

Fabius underlined that France wants to have cooperation with Iran and that conditions have changed so that considering mutual requirements for bilateral ties should be developed.

Referring to industrial relations between the two countries, he said France is ready for a win-win work and the cooperation could be in the field of modern technology.

He said it has been recommended to French companies to prepare their contracts, so as soon as sanctions are removed, industrial and economic activities begin with Iran.

Fabius announced that French president has invited President Rouhani to pay a visit to Paris in November and said the visit will promote bilateral cooperation.

By IRNA