Iran to ink two car industry accords soon

29

Tehran

Iran’s industry minister said two automotive contracts with foreign partnership will be inked by the end of the current Iranian calendar year (to end March 21). Minister of Industry, Mines, and Trade Mohammad Reza Nematzadeh, while pointing to the two new car industry agreements with foreign partnership, said 30 percent of products will be deployed to global markets.
He also touched upon foreign cooperation in manufacturing auto parts adding”several collaborations have been launched which will boost automaking, designing and exports capabilities.” “On the basis of envisaged policies in the 20-Year National Vision of the Islamic Republic of Iran, targets were defined and global experiences were probed into,”.—APP