Jan 12, 2018, 5:16 PM
News Code: 82793530
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Iran, Italy explore avenues for boosting ties

Rome, Jan 12, IRNA – Iran's Deputy Finance Minister Mohammad Khazaei discussed ways of promoting bilateral relations with the Italian Deputy Foreign Minister Vincenzo Amendola on Friday.

During the meeting attended by Iran's ambassador to Rome, Khazaei referred to the longstanding friendship between the two countries, underlining the Iranian nation and government's resolve to enhance the existing bilateral ties with Italy.

Khazaei, also head of Investment, Economic and Technical Assistance Organization, who is in Rome at the head of a delegation said that bilateral and multilateral economic and political cooperation is a major factor in generating jobs and promoting markets of export and reducing poverty and migration.

He said the five-billion euro credilt line agreement with Italy a major political and economic event and a clear sign of Italy and EU's prudent and independent policies from those of the US vis-à-vis Iran and the region. 'The deal will help expand economic relations and both countries will benefit from it.'

Khazaei also acknowledged the effective cooperation of Italian Foreign Ministry and government in signing the deal.

Italian deputy foreign minister, for his part, expressed pleasure over the move, underlining his country's serious resolve for boosting political and economic ties between the two countries.

Cooperation with Iran in all fields is among Italian government's priorities, Amendola said.

He also hailed Iran's role in regional developments and said that promoting economic ties will contribute to establishing peace and economic stability in the region.

Amendola hoped that the credit line would help bolster the two countries' cooperation in implementing major and infrastructural projects.

The 5-billion-euro agreement was signed on Thursday by the Iranian banks and an Italian company to finance investment projects in Iran.

Iranian Bank of Industry and Mine, and Middle East Bank signed the agreement with Italian Global Investment.

The agreement envisages the capacity for other banks to join it, and will provide the required finance for constructional and manufacturing project using Italian technologies and machinery as well as engineering and technical services.

Italy is the seventh country to sign investment deals with Iran after India, China, South Korea, Denmark, Austria and Russia.

The agreement is regarded in Iran as another step towards diversification of financial sources for Iranian projects.

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