Financial Tribune - Agriculture Minister Mahmoud Hojjati and President of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei signed a memorandum of understanding

The deal was signed during the opening ceremony of the biennial Second Conference on Water Economy at ICCIMA's Tehran headquarters on Tuesday and Wednesday to increase water productivity in the agriculture sector.

As stipulated in the MoU, which will be valid for 10 years, the two sides will cooperate in increasing the production of all agricultural commodities from the current average of 1.1 kilograms for each cubic meter of water to 2.2 kg/m³ in the fiscal 2026-27.