BELARUS NEWS AND ANALYSIS

DATE:

14/08/2007

Eighth Iran-Belarus Economic Commission convenes

IRNA

Iranian Minister of Commerce Masoud Mir-Kazemi and Belarus Minister of Industry Anatoly Rusetsky in Tehran on Tuesday attended the eighth meeting of joint economic commission.

IRNA Economic correspondent said that the commission studied ways to develop trade, boost joint investment in machinery industry, food industry, medical instruments production and pharmaceutical industry, oil and gas and setting up branch of an Iranian bank in Minsk and an accord on customs tariffs.

The two ministers who co-chaired the eighth joint economic commission also reviewed a draft agreement between the Iranian and Belarus Standards Organizations worth dlrs 1.5 billion, accords on preferential tariffs, transport cooperation and establishment of assembly line for electronic appliances in Belarus.

The head of the Trade Development Organization, managing director of the Export Guarantee Fund (EGF), Iranian ambassador in Minsk and officials from the Foreign Ministry and Ministry of Industries and Mines attended the meeting.

Mir-Kazemi pointed to the common views shared by Iran and Belarus on political and international issues and said that the two countries are willing to develop economic cooperation.

He said that officials from both sides have planned to enhance level of trade to one billion dollars every year.

Mir-Kazemi said that the commission would help in opening a branch of the Iranian bank in Minsk.

He called for putting into practice the accords already signed on customs tariffs adding that Iranian parliament has ratified the accords and it has been forwarded to the Guardian Council for confirmation.

Mir-Kazemi said that executive procedure would be drawn up for the customs accord after being ratified in the Belarus parliament.

He put forward new proposals for setting up preferential tariffs in bilateral trade.

Rusetsky said, for his part, Belarus is keen on boosting trade with Iran to dlrs one billion a year.

He said that the accords already signed between the two countries would help enhance economic cooperation.

Rusetsky said he believes that the outcome of commission would be effective in removing the obstacles to expansion of bilateral ties.

He said that establishment of branch of the Iranian bank would be helpful for launching assembly line of Iran Khodro car manufacturing company in Belarus.

Mir-Kazemi and Rusetsky are expected to sign an agreement at the end of the eighth joint economic commission session later on Wednesday.

Source:

http://www2.irna.ir/en/news/view/menu-234/0708142000165408.htm

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