TEHRAN (ECOIDEAL)- Senior Iranian and Armenian officials in a meeting in Yerevan signed a memorandum of understanding (MoU) to broaden mutual cooperation between the two countries in the agriculture sector.
The MoU was signed in a ceremony attended by the Iranian and Armenian deputy agriculture and economy ministers.
Iran and Armenian agreed to jointly manufacture agricultural machinery.
Meantime, Iran’s cultural attaché in Armenia said that the Armenian Fund for Developing Business and an Iranian company have undertaken the responsibility of joint manufacturing.
According to Iran Trade Development Organization’s website, Mohsen Rahimi said that based on the agreement, Iranian company will export all types of agricultural machinery parts to Armenia and will assembly them in the country.
Armenian Fund for Developing Business will cooperate with the Iranian company in the field of easing administrative procedures, participation in exhibitions and commercial events, technical assistance and information dissemination.
Iran will export CKD parts worth one million dollars to Armenia to put them together there.
Iranian company also plans to export parts to the other Eurasian member states in addition to Armenia.
Iran and Armenia signed four agreements in the fields of economy, customs and sports agreements in February.
The four cooperation agreements in the fields of economy, customs and sports were inked at the closing ceremony of 15th Summit of Joint Commission of Iran and Armenia Cooperation.
Earlier this year, Iranian Energy Minister Reza Ardakanian had placed special emphasis on the necessity of steering public and private sectors to increase transaction volume and joint investment.
"Fortunately, the 15th meeting of Joint Technical, Economic and Cultural Commission between Iran and Armenia was held in an amicable and peaceful environment," he said, adding, “I hope that mutual cooperation would be boosted between the two countries in the best possible form in future."
Source: Farsnews