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Iran, Indonesia sign memo on economic co-op

29 May 2013 15:04 (UTC+04:00)
Iran, Indonesia sign memo on economic co-op

Iran and Jakarta signed memorandum of understanding on trade and economic cooperation in Tehran on May 29.

Iranian Deputy Industry, Mine, and Trade Minister Hamid Safdel and Deputy Foreign Minister of Indonesia Yuri Octavian Thamrin signed the MoU, IRIB news agency reported.

The MoU aims at boosting trade between the two countries.

By signing a preferential trade agreement the two countries can further boost their bilateral trade, Safdel said.

Tehran and Jakarta's bilateral trade value was around one billion US dollars in the past few years, IRIB reported.

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