Minister of Industry, Mines and Trade, Mohammad-Reza Nematzadeh said on Tuesday that setting up Iran-Hungary joint economic commission is vital to broaden level of economic cooperation between the two sides, IRNA reported.
Nematzadeh made the remarks in a meeting with visiting Minister of Foreign Affairs and Trade Péter Szijjártó and his entourage.
Nematzadeh said that the current level of economic and commercial cooperation between the two countries is very weak, and called for the expansion of relations and cooperation to this end.
The two sides should design a suitable and comprehensive mechanism to broaden mutual cooperation in all fields, he said.
The two sides should spare no efforts to uphold current level of mutual relations and cooperation, Nematzadeh said.
The Islamic Republic of Iran welcomes joint economic investment and believes that grounds for the expansion of mutual economic cooperation in various industrial fields are well prepared, said the Iranian minister.
The two sides should also set up various exhibitions to demonstrate their capabilities in various economic sectors, Nematzadeh said.
There are some 1,000 research centers in the country which can put their information and knowledge at the disposal of the other sides to help broaden ties and cooperation, he said.
Nematzadeh said that since Hungary is very capable in auto manufacturing industry, and expressed the hope that it could lead to the expansion of cooperation between the two sides.
The Hungarian foreign minister, for his part, expressed the hope for speedy formation of joint economic commission and said his country calls for expansion of cooperation as well as investment and would like to invite you to attend in Iran-Hungary joint economic commission in Budapest.
'We believe that formation of joint economic commission meeting will help broaden ties and cooperation between the two countries,' he said.
He expressed the hope that after lifting economic sanctions to witness improvement of financial transactions between the two countries.