The fourth meeting of the Iran-Hungary Joint Economic Committee was held in Tehran at the end of which the two sides signed a comprehensive cooperation memorandum of understanding (MOU).
Co-chaired by Iran’s Finance and Economic Affairs Minister Ehsan Khandouzi and Hungarian Foreign Minister Peter Szijjarto, the committee meeting was attended by senior officials and economic operators from both sides.
The two sides also inked four other MOUs to expand economic cooperation in various areas, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
Speaking at the meeting, Khandouzi said expansion of banking and insurance relations as settlement tools of two countries is necessary for developing the level of commercial relations.
“We ask the Hungarian government to help the private sector operators of the two countries have more support in this regard,” he said.
The official noted that the signing of cooperation documents and memorandums of understanding provides a good opportunity for businessmen and the private sectors of the two countries to expand ties. “Our duty is to support private sector companies. We expect that the authorities of the two countries will provide the basis for strengthening the relations between the private sectors of Iran and Hungary by examining and resolving the existing problems and challenges,” Khandouzi said.
“It is with the participation of the private sector that we can achieve the desired goals of the governments of Iran and Hungary regarding commercial interactions,” he added.
Szijjarto for his part emphasized the determination of the two countries to develop the level of bilateral trade cooperation, and said: “Although international sanctions limit cooperation, we should try to be more effective in the fields that are not limited by the sanctions.”
Stating that Hungary is willing to cooperate more with Iran in the field of agriculture and food industry, he added: “Hungary will issue 5,300 transportation licenses to Iranian companies every year to facilitate the transfer of goods between the two countries.”—Tehran Times
