Iran, Ukraine sign deal to boost economic co-op

Iran, Ukraine sign deal to boost economic co-op

Iran and Ukraine signed a memorandum of understanding (MoU) to boost economic cooperation.

The document was signed at the end of the Sixth Joint Economic Commission in Kiev.

The deal covers cooperation in various fields, including agriculture, investment and finance, trade, industry and mining, steel making and machinery as well as geology, banking, oil, gas and petrochemicals.

The document also envisages developing cooperation in transportation, IT, engineering, consultation services, tourism and healthcare.

Iran’s Agriculture Minister Mahmoud Hojjati, who is in Ukraine heading a 40-member economic delegation, expressed hope that the economic commission meeting would open a new path in Tehran-Kiev cooperation.

Hojjati, who arrived in Kiev March 8, held meetings with Ukrainian officials and visited various production units in the country during his four-day stay.

Iran and Ukraine signed a document on comprehensive economic cooperation in agriculture, investment, oil, gas, energy and banking ties in March 2016.

The two countries are planning to increase their trade to $1 billion in the near future.

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