Iran's Road and Urban Development Minister Mehrdad Bazrpash said that the production line of a car factory will be launched in Syria.

Bazrpash made the remarks on Monday addressing the Joint economic commission of Iran and Syria, co-chaired by him and Syrian Economy and Foreign Trade Minister Mohammad Samer al-Khalil.

Stating that great progress has been made in insurance field, Bazrpash added that a joint company will be established to provide services to Iranian visitors, travelers and companies.

Regarding the joint banking activities of the two countries, Minister of Roads and Urban Development of Iran said that the Central Bank of Iran will issue the necessary license to the Iranian side and start its activities within the next few weeks.

A Syrian delegation comprising trade and communications ministers are in Tehran to follow up on the agreements signed during President Ebrahim Raisi's visit to Damascus.

By IRNA