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Russia, Iran readying agreements on various joint production projects

It is reported that the cooperation between Russian and Iranian entrepreneurs in the area of car manufacturing, as well as in the oil and gas and energy sectors, is expanding rapidly now

ST. PETERSBURG, November 30. /TASS/. Russia and Iran have reached framework agreements to prepare and implement joint projects in several strategic sectors of industry, Deputy Minister of Industry, Mine and Trade of the Islamic Republic of Iran, Head of the country’s Trade Promotion Organization Alireza Peyman-Pak said at the International Forum-Exhibition Russian Industrialist on Wednesday.

"We have reached framework agreements on the issues of joint projects on construction and designing, joint designing and production of turbines, shipbuilding, rolling stock, helicopters and aircraft construction, jets, as well as tractors and agriculture equipment," he specified.

Trade turnover between Russia and Iran expanded 30% over the past year, yet in the industrial sector trade soared by 300%, Peyman-Pak noted. He stressed that this kind of an increase was due to the fact that in previous years trade turnover between the two countries was mainly based on agriculture products.

The cooperation between Russian and Iranian entrepreneurs in the area of car manufacturing, as well as in the oil and gas and energy sectors, is expanding rapidly now, the official noted.

The International Forum-Exhibition Russian Industrialist devoted to measures of state support for industry under the current conditions and import substitution is taking place in St. Petersburg. More than 220 high-tech industrial entities, development institutions, and technical universities from more than 35 Russian regions and ten countries, including Belarus, India, Iran, Kazakhstan, Uzbekistan, as well as Latin American and Caribbean states, are participating in the forum. TASS is the general information partner of the forum.

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