Iran, Czech Republic agree to boost economic relations

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During the Joint Economic Commission meeting in Prague, the capital of the Czech Republic, Iran and the Czech Republic agreed to boost cooperation in different economic sectors.

Both sides signed agreements in petrochemical, economic and industrial fields including bus, train wagons, electrical and diesel locomotives, small planes and helicopter manufacturing.

The agreements were signed for Iran by Minister of Economic Affairs and Finance Ali Tayebnia and Chairman of Czech-Slovak-Iranian Chamber of Commerce Jan Kavan.

A number of senior economic officials from both countries were present in the event as well.

During the event Iran and the Czech Republic also signed a number of cooperation documents.

Based on Czech statistical administration, economic ties between Iran and the Czech Republic showed a 5-percent growth in 2015 and the volume of exchange was $52m.

The figure, indicating a 10% rise, reached $27,100,000 during the first half of 2016 while the figure stood at $24,236,000 during the same period last year.

Tayyebnia has travelled to Prague to attend the 1st Iran-Czech Republic Joint Economic Commission session.

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