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Iran, Qatar sign an extensive Memorandum of Understanding to facilitate cooperation

Business Materials 24 November 2020 16:04 (UTC +04:00)
Iran, Qatar sign an extensive Memorandum of Understanding to facilitate cooperation

TEHRAN, Iran, Nov. 24

Trend:

The Memorandum of Understanding between the Joint Commission on Economic Cooperation between Iran and Qatar was signed on Tuesday at the end of the seventh meeting of the Commission of the two countries in Isfahan.

According to the MoU signed by senior officials of the two countries, both sides agreed on several aspects including the formation of a joint trade working group between the two countries, the establishment of trade centers between the private sectors of the two countries, the establishment of commercial offices in the embassies of the two countries and using the ports of the two countries to develop the export and import of good, Trend reports citing IRNA.

Among other provisions of this memorandum, we can mention the cooperation between chambers of commerce of the two countries and encouragement of the private sector of the two countries for joint ventures, development of cooperation in the fields of electricity, water, sewerage and gas and cooperation in the fields of cultural heritage and tourism.

Cooperation in the field of production of pharmaceutical needs and medical equipment in Iran, agreement on education and scientific research using of Iranian port and railway facilities to transit and transportation of goods, extensive agreements on communications, information technology, protection and repair of fiber optic (submarine) cables were among other provisions of this MoU.

The 7th Iran-Qatar Joint Economic Commission Meeting held in the historic city of Isfahan on Tue. Nov. 24 in the presence of Reza Ardakanian and Ahmed Al Kuwari chairmen of Iran and Qatar joint economic commission meeting.

The first session of the joint economic cooperation meeting between the Islamic Republic of Iran and Qatar will be held in Iran after the coronavirus pandemic and it is predicted a document will be inked between the chairmen of the joint economic commission of the two countries.

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