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Tehran, Bishkek discuss boosting private sector ties

Iran Materials 31 March 2013 14:55 (UTC +04:00)
Iran and Kyrgyzstan have discussed the ways to expand links between private sectors, IRNA reported.
Tehran, Bishkek discuss boosting private sector ties

Azerbaijan, Baku, Mar.31/ Trend G.Mehdi/

Iran and Kyrgyzstan have discussed the ways to expand links between private sectors, IRNA reported.

In a meeting between Iranian ambassador in Kyrgyzstan and Kyrgyz minister of labor and youth in Bishkek on Saturday, the two sides also agreed to hold meetings for establishing joint chamber of commerce.

In July 2012, Iran and Kyrgyzstan signed a memorandum of understanding, including 15 articles, at the end of their 10th joint cooperation meeting in Tehran.

The two sides agreed to form joint companies and streamline customs affairs in a bid to boost the two-way trade. They also called for the bilateral trade to rise to $2 billion within three years.

The two sides expressed readiness to expand cooperation in the fields of agriculture, industry, mining, service and tourism.

Iran mainly exports clothing, nuts, paints and flooring to Kyrgyzstan and imports meet, grain and steel scraps instead.

Kyrgyz Ambassador to Iran Medetkhan Sherimkulov has called on Iranian companies to have a greater role in different economic, agriculture, industrial and cultural fields in Kyrgyzstan.

He said 180 industrial units are currently operating in Kyrgyzstan, adding that both Iranian and Kyrgyz traders have established these units through joint venture, with the Iranian companies accounting for 70 percent of the investment, according to Press TV.

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