News / Economy

Iran, Poland sign economic agreements

Monday, 30 May 2016 1:56 PM [ Last Update: Monday, 30 May 2016 2:20 PM ]

Iran’s Foreign Minister Mohammad Javad Zarif speaks at Iran-Poland Economic Forum. The two countries have signed several documents to boost economic cooperation during Zarif’s visit to Warsaw.

Iran and Poland on Monday signed three basic agreements to promote cooperation in several economic areas.

The agreements that were signed during a visit to Warsaw by Iran’s Foreign Minister Mohammad-Javad Zarif envisaged cooperation between the two countries in energy projects, joint investments and the exchange of trade delegations among other issues.

This occurred during a ceremony that was supervised by Poland’s Deputy Economic Development Minister Pawel Chorazy.

Meanwhile, Zarif told reporters after the ceremony that Iran and Poland have an old business relationship which both can use to further enhance their relations.

He added that private sectors from both countries can specifically prove instrumental in their efforts to develop “strategic business ties”.

Zarif arrived in Warsaw on Sunday on the first leg of his official European tour heading a 60-strong politico-economic delegation.

Upon arrival, he signed a memorandum of understanding (MoU) with his Polish peer Witold Waszczykowski to step up political consultations between the two countries. The document will facilitate and regulate cooperation between the two countries in politics and other fields including, economy and culture.

The Iranian foreign minister will later visit Finland, Sweden and Latvia.

Zarif’s visit to Warsaw comes after a high-level Polish delegation, including pharmaceutical, chemical and railway executives visited Tehran in September 2015 to discuss trade opportunities created in the Islamic Republic following the implementation of the landmark nuclear agreement reached between Iran and the P5+1 group of countries in July 2014.

Iran’s official figures show that the value of the country’s exports to Poland stood at $13 million and the imports were at $13 million in the first five months of 2015. Polish officials say trade between the nations could rise within a few years to $1 billion (€900,000).

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