Baku, Azerbaijan, May 2
By Khalid Kazimov - Trend:
Iran and South Korea have inked a memorandum of understanding (MoU) for protecting forests. Iran's Forest Range and Watershed Management Organization and the South Korean forestry ministry have signed the MoU to cooperate in dealing with desertification, IRIB news agency reported. Khodakaram Jalali, the head of Iran's Forest Range and Watershed Management Organization has said that the countries are expected to cooperate on dealing with climate change and desertification.
According to the official there are 14.3 million hectares of forests, 62.5 million hectares of dessert and 48.5 million hectares of pasturage in Iran.
On May 1, South Korean President Park Geun-hye heading a large business delegation arrived in Tehran on a historic visit. Park Geun-hye is the first South Korean president who visits Iran.
During the three-day official visit, the two countries are expected to sign contracts worth $13 to $17 billion for cooperation in various fields including the construction of hospitals, dams, railways and power plants as well as petrochemical, crude oil, infrastructure and industrial projects.
Iran-South Korea trade turnover stood at $6.1 billion in 2015. The figure was $17.4 in 2011, before Western countries imposed sanctions against Iran.