Minister cautions: Iran no good host for Korean assembly lines

TEHRAN (FNA)- Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh on Tuesday cautioned Seoul traders and companies that his country wants real partnership in production and will no more allow foreign firms to export products to Iran through launching assembly lines in the country.

“We no more allow manufacturing the products based on the CKD (Completely Knocked Down) and SKD (Semi Knocked Down) terms and with this policy, it seems that the Korean companies shouldn’t think of assembling works in Iran,” Nematzadeh said, addressing a joint meeting between the Iranian and South Koreans businesspersons in Tehran today.

He, meantime, said given the new atmosphere created after Iran’s nuclear deal with the world powers, Tehran is ready to host the Korean firms to further expand mutual cooperation with Seoul.

On Monday, Tehran and Seoul signed 19 cooperation pacts to further develop bilateral relations.

The MoUs were endorsed in Tehran in the presence of Iranian President Hassan Rouhani and his South Korean counterpart President Park Geun-hye.

The documents are aimed at broadening cooperation between Tehran and Seoul in the fields of maritime transport, infrastructural fields, oil, natural gas, petrochemicals, water resources, electrical energy, new energy industry, education, technology, culture, health, insurance and legal assistance.

President Park, heading a high-ranking economic-political delegation, arrived in Tehran early on Sunday for talks on trade and economic cooperation.

She is accompanied by a 236-member delegation consisting of various cabinet ministers and a high-level business entourage.

By Fars News Agency