Baku, Azerbaijan, March 25
By Rahim Zamanov - Trend:
Iran and Tajikistan officially inaugurated a joint detergent factory in Danghara, Iran's Fars News Agency reported on March 25.
Tajikistan President Emomali Rahmon attended the inauguration ceremony.
The factory came on stream at the cost of $1.4 billion. Iranian businessmen invested the money in the project.
It has the capacity to annually produce 400 tons of detergents and cleaning products.
Currently 15 Iranian and Tajik experts are working at the factory. Gradually the number will reach 45.
Germany has provided the factory's necessary technologies.
Danghara District is a district in Khatlon province, Tajikistan. Its capital is Danghara. Tajikistan plans to create a special economic zone there.
In October 2012, Iran and Tajikistan signed a memorandum of understanding to expand relations between their free trade zones.
The MOU was signed on the sidelines of the exclusive exhibition on potentials of Iran's free zones, which was held in Tajikistan's capital Dushanbe.
The agreement would give a boost to economic, industrial and cultural ties between the two countries.
According to Tehran's ambassador to Dushanbe, Ali-Asghar Sherdoost, trade between Iran and Tajikistan exceeded $500 million in 2011.
According to Tajikistan's chamber of commerce, Iran-Tajikistan trade hit $250 million in 2012. The bilateral trade also amounted to $229 million in the first nine months of the 2013.
Edited by C.N.