Iran, Syria sign economic agreement

Business Materials 17 March 2015 12:04 (UTC +04:00)

Baku, Azerbaijan, March 17

By Khalid Kazimov - Trend:

Officials from Tehran and Damascus signed a deal whereby Iran will provide Syria with expertise and services in reconstructing the war-torn country.

The agreement was inked in a meeting between the Iranian Ministry of Economy Ali Tayebnia and Syrian Minister of Economy and Trade Mohammad Nidal al-Shaar.

The agreement aims at easing trade relations and expanding the domain of tariff reduction on Iranian goods for export to Syria, Mehr news agency reported March 17.

The Iranian minister of economy also met Syrian President Bashar Assad during his visit to the country.

Tayebnia conveyed warm regards from President Hassan Rouhani and asserted that Iran will remain by Syria's side to reconstruct the country.

The Syrian president in return expressed gratitude for Iran's support and hoped that the two countries' relation will grow more comprehensive day by day.

Iran and Syria's bilateral trade volume stood at 258 million dollars in the previous calendar year which ended March 20, the Trade Promotion Organization of Iran announced.

The amount showed a 35-percent decrease compared to the preceding year.