TEHRAN (Tasnim) � Head of Iran�s Trade Promotion Organization (TPO) Mojtaba Khosrotaj, who is on an official visit to South Korea, said Tehran and Seoul have agreed to promote bilateral trade.





Speaking at a meeting with a South Korean trade official, Khosrotaj said Iran seeks establishment of joint research and development centers by Iranian and Korean companies.

He further said the two sides have agreed to establish a �joint desk� with the aim of introducing the economic capacities and demands of Iran and South Korea to the two countries� merchants.

Iran and South Korea signed 19 cooperation agreements back in May, pledging to increase their annual trade by three times as the current bilateral trade amounts to around $6 billion.

There has been a new wave of interest in ties with Iran since Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal on July 14 and started implementing it on January 16.

The comprehensive nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

By Tasnim News Agency