BAKU, Azerbaijan, Jan.13
Trend:
Iran and Iraq signed a memorandum of understanding on Jan. 13 on joint cooperation about customs tariffs, transportation, border issues and joint investment in trade, Trend reports via ISNA.
The event was held as part of the 4th Iran-Iraq Joint Economic Commission meeting, which was attended by Iran's Energy Minister Reza Ardakanian.
He said beneficial talks have been held between the two sides during the meeting, regarding the bilateral relations, technical and engineering services, while representatives of the public and private sectors held meetings and based on that good agreements were signed.
The memorandum of understanding is based on 'on development of energy cooperation', according to Ardakanian.
He also said the two countries are looking to establish a joint investment fund that would depend on the activity of the private sector.
"There are various Iranian contractors in Iraq to implement development projects, in this regard our suggestion about establishing of the joint investment fund for support of private sectors in the two countries have been agreed to be reviewed by the officials," said Ardakanian.