Baku, Azerbaijan, Dec. 22
By Fatih Karimov – Trend:
Iran and Kazakhstan signed a memorandum of understanding to establish a joint shipping line.
The deal was signed between Mohammad Saeedi, managing director of the Islamic Republic of Iran Shipping Lines (IRISL) and Dias Iskakov, head of the KTZ Express (multimodal logistics company) in Astana Dec. 22, the IRISL reported on its official website.
The deal which was signed on the sidelines of Iranian president Hassan Rouhani’s visit to Kazakhstan aims to facilitate maritime transport in the Caspian Sea region and combined transport from Iran’s southern ports to CIS countries as well as cooperation in construction of port terminals and joint investment in providing equipment.
Iranian and Kazakh officials also signed five memorandums of understanding on the sidelines of a meeting between the visiting Iran's President Hassan Rouhani and his Kazakh counterpart Nursultan Nazarbayev in Astana.
Rouhani, who is on a tour to three regional countries, arrived in Kazakhstan on Dec. 21.
He was officially welcomed by Kazakh President Nursultan Nazarbayev at the Asian country's presidential palace in Astana on Dec. 22 morning.
During a visit of Kazakh president to Iran earlier in April 2016, Tehran and Astana agreed on a total of 66 documents on cooperation between the two countries.
According to Iranian Customs Administration, over the last fiscal year (ended March 20, 2016) the Islamic Republic imported goods worth at $87 million from Kazakhstan. Meanwhile Iran exported goods worth at $137 million to Kazakhstan.
The two sides are determined to increase their volume of trade turnover to $1 billion per year.
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