29 Mar 2024
Saturday 14 May 2022 - 18:41
Story Code : 396500

Iran, Cuba to increase trade, economic cooperation

Iran, Cuba to increase trade, economic cooperation
Iran and Cuba agreed to increase trade relations through the development of joint trade and economic cooperation.

Iranian Minister of Industry, Mine and TradeSeyyed Reza Fatemi Amin announced the development of 34 opportunities and grounds for joint trade and economic cooperation between Iran and Cuba in his meeting with Cuban Deputy Prime Minister Ricardo Cabrisas.

"We have made good progress in areas such as the pharmaceutical, mining and home appliances industries, which can pave the way for joint activities between the two countries," he said.

Referring to Cuba's cooperation with the Pasteur Institute of Iran in the field of vaccines, he added, "We can also increase trade relations between the two countriesin the field of mining (steel, copper, aluminum, etc.)."

He also stressed the relationship between businesses and private sector companies of the two countries, saying thistype of relationship canpromote trade relations between the two countries.

Fatemi Amin alsoexpressed hope that the Cuban Deputy Prime Minister's visit will be a turning point in expanding relations between the two countries.

Ricardo Cabrisas, for his part, stressed the need to increase bilateral cooperation in the economic field between Iran and Cuba, saying thatthe cooperation should be activated in the form of the 18th meeting of the Joint Commission of the two countries.

Barter, banking cooperation and issues related to mining and mineral industries and geology are among the fields that which the two countries can cooperate with each other, he said, adding thatIran can greatly help Cuba in the production and extraction of minerals (such as nickel, iron, lead and gold).

Heading a delegation,Cuban Deputy Prime Minister Ricardo Cabrisas arrived in Iranto attend the 18th meeting of the Iran-Cuba Joint Economic Commission which is slated tobe held on May 15-17 in Tehran.

On the sidelines of the meeting, bilateral meetings will be held between Cuban and Iranian companies.The commission is set to hold 21 specialized committees in various fields, including trade, investment, transit and transportation, electricity and energy, oil and gas, customs, banking and finance, standards, health and other important issues.

Documents in the fields of medicine, agriculture, customs, food and vaccines will also be signed by the parties on the sidelines of the meeting.

The 17th meeting of the Joint Economic Commission of the two countries was held in Havana in December 2016.

The Cuban delegation is also scheduled to holdworking meetings with top Iranian government authorities to review the state of economic, commercial and cooperation relations.

 

 

 

By MEHR
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