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Iran, Cuba sign 29 MoUs on economic, commercial cooperation

Tehran, June 16, IRNA - The Islamic Republic of Iran and Cuba signed on Saturday 13 commercial pacts and 16 memoranda of understanding (MoUs) to expand economic cooperation between the two countries.

The agreements were signed at the closing session of the 12th Iran-Cuba Joint Economic Commission in Havana.

The session was attended by Iran's Minister of Industries and Mines Ali-Reza Tahmasbi and Cuban Cabinet Minister Ricardo Cabrisas.

It was chaired by Tahmasbi who later met with Cuban acting President Raul Castro.

At the meeting, Tahmasbi and Castro both admitted that Tehran-Havana relations were at an excellent level. The Cuban acting president highlighted the two sides common stands in condemning unilateralism and hegemony of big powers and voiced the readiness of his country for promotion of all-out economic, commercial, scientific and industrial cooperation with Iran.

He also underlined the importance of expanding multilateral cooperation between the Latin American countries and Iran.

Expansion of economic cooperation between Iran and Cuba should be in line with the expansion of political ties between the two states, he said.

The Cuban official voiced satisfaction with the increase in the volume of trade exchange between the two countries from 20 to 200 million Euro which is to further rise to 500 million Euro in the future.

Tahmasbi, for his part, conveyed the warm greetings of President Mahmoud Ahmadinejad to the Cuban acting president and auded Cuban officials for adopting a principled stand on Iran's legitimate right to access peaceful nuclear energy.

Iranian businessmen are to actively participate in Cuba's infrastructural projects, he underlined.

He expressed the hope that the existing obstacles such as double taxation and preferential tariffs would be removed as soon as possible to help promote trade cooperation between the two countries.

The Iranian delegation conferred with a number of Cuban officials during their visit to the country on expansion of economic cooperation between Tehran and Havana.

Iran to grant euro 200m loan to Cuba

Iran announced at the end of a joint economic commission in Havana on Friday that it will grant a euro-200-million loan to Cuba.

... Payvand News - 6/16/07 ... --

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