Tehran, Caracas explore industrial co-op avenues
Iranian Industries and Mines Minister Ali-Akbar Mehrabian met with Bolivian Economy Minister Luis Arce Catacora in Tehran on Tuesday, discussing possible ways to expand industrial cooperation.
Mehrabian said that his country pursues establishing a strategic relation with Bolivia which has the potentiality to become an industrial hub in the Latin America, the Islamic Republic of Iran Broadcasting reported.
Iran will help Bolivia set up a tractor production line in the country, Xinhua informed.
Managing Director of Tabriz Tractor Manufacturing Company Abolfath Ebrahimi Monday said in Tabriz city that the company is ready to set up a tractor production line in Bolivia, according to the report.
"We are also prepared to train Bolivian experts and transfer necessary technology to that country," Ebrahimi was quoted as saying.
Bolivian President Juan Evo Morales who is visiting Iran's northwestern city of Tabriz on the first day of his Iranian tour, called for transfer of Iran's tractor producing technology to his country, the report said.
Morales also ordered to buy some 1,000 tractors from Tabriz Tractor Manufacturing Company, according to the report.
Iran's tractors are more compatible with Bolivian geographical conditions, he was quoted as saying.
The Bolivian president is in Iran for a three-day visit with the goal of strengthening bilateral ties and is seeking more Iranian investment in the South American country.
In 2007, President Mahmoud Ahmadinejad became the first Iranian chief executive to visit Bolivia. During the trip, the two countries signed an agreement on conducting joint projects to be worth $1.1 billion dollars over the next five years, according to Press TV.