Belarus and Iran are currently implementing joint projects to the tune of $1.5 billion, Industry Minister of Belarus Anatoly Rusetsky said during a session of the mixed Belarusian-Iranian commission for economic cooperation on February 12, BelTA learnt.
"Today the total cost of the projects makes up $1.5 billion. I am speaking about the projects which are currently underway," Anatoly Rusetsky said.
According to the minister, in 2008 the two countries managed to boost the trade to almost $100 million. "Yet, this is far below the trade volume set forth by the presidents of the two countries," he said. The minister is confident that Belarus-Iran trade can be increased to $1 billion. The goal can be met within several years.
Anatoly Rusetsky noted that an important indicator of bilateral cooperation is the growth of Iranian investment in Belarus. "Yesterday we discussed mutual cooperation: during the time of the global crisis we need to cooperate even closer. This will help us achieve greater results," the minister said.Iran's Trade Minister Masud Mir-Kazemi said that the huge potential of Belarus-Iran cooperation lies in oil and gas industries, manufacturing industry, healthcare, sci-tech services. "We need to take all efforts to reach the trade of $1 billion. We hope that our talks will promote further development of trade and economic relations between the countries," he said.