Jan 18, 2016, 6:35 PM
Iran, Czech ink economic MoU

TEHRAN, Jan. 18 (MNA) – Iran’ Minister of Economy Ali Tayebnia and the Minister of Industry and Trade of the Czech Republic Jan Mládek have signed an economic MoU.

The Memorandum of Understanding was signed during the meeting held in Tehran on Monday morning between Iran’s minister of economy and the Czech minister of industry.

The newly-signed agreement consists of various provisions including formation of a joint commission between the Islamic Republic of Iran and the Czech Republic aiming to put into operation the MoU as well as identifying the obstacles on development of bilateral ties, joint collaboration in the fields of industry and mining, construction of compound power plants as well as cooperation in the areas of technology transfer and railroad transit.

Speaking at the meeting, Iran’s Tayebnia pointed out the country’s taking advantage of anti-Iran sanctions by decreasing budget dependence on oil; “even after the removal of sanctions, Iran still remains determined to decrease the share of oil in the annual budget by improving business and boosting the private sector.”

“Accordingly, Iran welcomes all private sector and foreign investment proposals particularly on the part of the Czech Republic,” he added.

Iranian economy minister went on to say that “no doubt, Czech’s presence in Iran provides the European country’s government, businessmen and industrialists with abundant opportunity by offering access to the 400-million market of Iran and the regional countries.”

Tayebnia further expressed willingness to bolster relations with the Czech Republic in all economic and industrial areas perceiving no limitation in this regard.

Minister of Industry and Trade of the Czech Republic Jan Mládek, for his part, congratulated Iran on reduced dependence on oil as well as implementation of JCPOA expressing satisfaction for being the first foreign delegation to visit Iran after the lifting of sanctions.

Mládek also announced readiness for holding the first joint economic commission of the two countries for the launch of Iran-Czech cooperation.

 

HA/3027970

 

News Code 113690

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