Iran opens $50 million LC for Mauritania

Business Materials 26 December 2011 17:36 (UTC +04:00)

Azerbaijan, Baku, Dec. 26 / Trend F.Milad/

The Iranian administration has approved opening $50 million line of credit for Mauritania to export goods and services to the African country, the IRNA news agency reported.

Exporting 250 passenger buses, establishing power transmission lines, building trade centers and water treatment plants are among the projects for which the LC has been opened.

The two countries signed on Wednesday some memoranda of understanding to expand bilateral ties in the fields of health and medical treatment, energy, agriculture, fishery, industry and trade.