Azerbaijan, Baku, Jan. 11 / Trend F.Milad/
Iran and Venezuela have signed a memorandum of understanding in Caracas to boost cooperation in nanotechnology, the ISNA news agency reported on Wednesday.
The MOU was inked by Iranian Industry, Mine and Trade Minister Mehdi Ghazanfari and Venezuelan Science and Technology minister, Jorge Arreaza, aiming to exchange experiences in education and promotion of nanotechnology in the industry sector.
Venezuelan Minister of Industry Ricardo Menéndez in a meeting with Ghazanfari on Tuesday called Iran to boost its investments in Venezuela's industrial and infrastructural projects.
The two sides emphasized on completing the underway projects by Iranian companies in Venezuela as soon as possible and raising the two-way trade value through implementing approvals of the joint economic committee meeting which was held in Caracas in September.
Iranian President Mahmoud Ahmadinejad started a four-nation Latin American tour on Sunday. Energy Minister Majid Namjou, who is accompanying Ahmadinejad along with a group of businessmen, said a number of deals will be signed during the current tour, including plans to build the hydroelectric plant in Ecuador.
On Sept. 22, Menendez and Ghazanfari inked several MOUs in Caracas in the fields of agriculture, housing and transportation.
Iran exported some $68 million worth of goods to Venezuela last year. Iranian companies have launched several technical and engineering projects in Venezuela worth over $4 billion.
Iran, Venezuela to expand cooperation in nanotechnology
Iran and Venezuela have signed a memorandum of understanding in Caracas to boost cooperation in nanotechnology.