Iran, Malaysia to Expand Economic Cooperation

Iranian Deputy Economy Minister, Behrouz Alishiri, in a meeting with Malaysian Envoy to Tehran Mohammad Sadeq Bin Katargani stressed the necessity for the development of economic cooperation between the two countries.

"In line with the promotion of mutual economic cooperation, it is necessary to finalize the economic agreements between the two countries, including avoidance of double taxation, customs cooperation and preferential trade, as legal grounds for the two governments to help both sides' private sectors to expand their relations in the two arenas of investment and trade," Alishiri said.

He reminded that Tehran has already held over 20 specialized gatherings in different countries on foreign investment opportunities in Iran, and said Tehran is ready to hold such conferences in Malaysia to further familiarize Malaysian businessmen with investing opportunities in Iran.

Alishiri also expressed the hope that formation of Iran-Malaysia joint investment committee would lead to the promotion of economic ties between the two countries' private sectors and deepening of the bilateral economic relations. Katargani, for his part, welcomed Alishiri's proposal for holding such gatherings to introduce investment opportunities in Iran, and said the Malaysian government has put development of economic, political and cultural ties with Iran on its agenda. "We are striving to pursue our mutual agreements and the (formation of the) joint investment committee and to bring them into operation," he added.- Fars