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Italian PM to lead big economic delegation to Iran

Business Materials 8 April 2016 17:42 (UTC +04:00)

Tehran, Iran, April 8

By Mehdi Sepahvand - Trend:

Italian Prime Minister Matteo Renzi will visit Iran on April 12, according to Iranian Ambassador to Rome Jahanbakhsh Mozafari.

Visiting Tehran and Isfahan with a 120-member delegation during his two-day trip, Renzi will be meeting Iranian businessmen in the industrial, banking, and insurance sectors besides Islamic Republic officials, Fars news agency reported April 8.

Mozafari said that besides holding an economic conference, the Iranian and Italian sides will also review the implementation of 28 bilateral MoUs as well as agreements made during Iranian President Hassan Rouhani's trip to Italy earlier this year.

They will also sign new MoUs in the fields of science, technology, tourism, environment, and railroads, the ambassador noted.

During Rouhani's trip in January, Iran and Italy signed a total of 14 MoUs and the two countries agreed on a roadmap for joint cooperation.

Before leaving Rome, Rouhani told reporters that the scope of joint economic cooperation between Iran and Italy will be beyond the two countries and in the interest of the region.

An Italian delegation of 310 businessmen from 197 companies arrived in Iran in February.

Italian insurance agency Servizi Assicurativi del Commercio Estero (SACE) in January signed a line of credit insurance MoU with the Central Bank of Iran, worth 6 billion euros.

Iran has also invited Italy to projects including the electrification a railroad that connects capital Tehran to northwestern major city of Tabriz.

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