Baku, Azerbaijan, Sept. 17
By Umid Niayesh - Trend:
Iran's Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh underlined the need for further expansion of Iran-Venezuela bilateral cooperation.
Nematzadeh made the remarks on the sideline of 8th Iran-Venezuela Joint Economic Commission session in Caracas on Sept. 17, the Islamic Republic's official IRNA news agency reported.
He also called for removing the obstacles that hinder expansion of all-out cooperation between the two countries. Regretting that the level of bilateral relations was not satisfactory, the minister underscored that establishment of Tehran-Caracas shipping and air lines will facilitate mutual transactions.
Venezuela and Iran launched their eighth Joint Commission on Sept. 16, aimed at deepening cooperation between the two countries.
The commission will focus on improving links in the areas of culture, sports, education and youth exchanges, industry, science, technology, health, energy, agriculture, housing and bilateral trade.
"This is an extraordinary mechanism to solidify different areas of cooperation between our peoples," Venezuelan foreign minister Rafael Ramirez said in Caracas.
Venezuela and Iran currently have 265 bilateral agreements, but the foreign minister has stated more cooperation between the two nations is essential.
The country, after China (with $45 billion worth of contracts) ranks first in term of the number of contracts with Iran, but these contracts mostly faced delay or cancellation.