Belarus Calls for Boosting Economic Cooperation with Iran

TEHRAN (FNA)- Belarusian Prime Minister Sergey Sidorskiy in a meeting with Iran's Central Bank Governor Mahmoud Bahmani urged the Iranian side to increase the volume of trade cooperation with Minsk.

Noting that the current volume of economic cooperation between Tehran and Minsk stands at about $100mln, Sidorskiy reiterated that the opening of the second Iranian Bank in Belarus should help boost the volume to $1bln.

The National Bank of Belarus registered two Iranian banks, namely the 'Onerbank' and 'Trading Capital Bank (TC Bank)', respectively in October 2009 and December 2008.

The Belarusian official also expressed satisfaction over his country's joint investment with Iran in the car industry as well as oil, petrochemical and development projects.

Iran's Central Bank governor also held meetings with Belarusian Ministers of Economy and Industry Nikolay Zaychenko and Anatoliy Rusetskiy, where both sides expressed hope for increased cooperation.

Earlier, the central banks of Iran and Belarus signed three cooperation deals in an effort to increase economic interaction.

During his visit to Belarus, Bahmani announced that the agreements would pave the way for Tehran and Minsk to do trade in their own currencies, hold training workshops and connect their automated teller machines (ATMs) to each other.

He also said that the Islamic Republic also agreed to open a 50-million-euro credit line for Iranians to invest in Belarus and mint coins for the eastern European country.


Partners: Social Network