Baku, Azerbaijan, Oct. 30
By Khalid Kazimov – Trend:
Iran and Belgium have agreed on a memorandum (MoU) to expand cooperation on scientific and technological, as well as infrastructural issues.
The MoU was signed between Trade Promotion Organization of Iran and three Belgian economic zones, IRNA news agency reported Oct. 30.
The MoU has set certain frameworks for investment and trade cooperation in order to facilitate trade and industrial cooperation, as well as exchanging trade delegations, the report added.
In a separate report on the same day, Mehr news agency reported that Belgium is planning to open a trade office in Tehran.
Mojtaba Khosrotaj, the head of Trade Promotion Organization of Iran, has said that the volume of trade turnover between the two countries currently stands at $200 million.
The Iranian official touched upon the existing infrastructure in Belgium calling for deepening ties in the industrial and transportation sectors.
He further expressed hope that the MoU would pave the way for Iranian companies to enter the European market.
Mojtaba Khosrotaj forecasted that trade turnover between the two countries will surpass $400 million over the current year.