Iran, Cyprus sign co-op document on transportation
Baku, Azerbaijan, May 17
By Fatih Karimov - Trend:
Iran and Cyprus signed a Memorandum of Understanding (MoU) to expand cooperation in transportation sector.
The agreement was signed by Iranian Minister of Road and Urban Development Abbas Akhoundi and visiting Cypriot Minister of Transport, Communications and Works Marios Demetriades in Tehran, IRNA news agency reported May 17.
Under the agreement the two sides will cooperate in the areas of aviation, maritime and ports.
The eight article document also envisages joint investments and training cooperation.
The Islamic Republic of Iran Shipping Line (IRISL) expressed readiness for shipment of imported and exported consignment of Cyprus to all ports across the world, including the Iranian ports.
A joint committee also will be established under the agreement to study ways to facilitate access of Cyprus to markets in Central Asia and Caucasus as well as Afghanistan and Pakistan.
Iran and Cyprus also vowed to support each other in international maritime organizations.
The Cypriot minister arrived in Tehran May 16 for a two-day official visit. Demetriades was accompanied by the President of the Cyprus Shipping Chamber, the Deputy President of the Cyprus Union of Ship-owners, as well as by a delegation of Cypriot businessmen.