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  • Iran, Algeria, Sri Lanka, Armenia to expand trade

    IranMania, Iran
    Oct 1 2005

    Iran, Algeria, Sri Lanka, Armenia to expand trade

    Saturday, October 01, 2005 - ©2005 IranMania.com

    LONDON, October 1 (IranMania) - Iran is to expand its trade ties with
    Algeria, Sri Lanka and Armenia in a move to promote joint investment
    in various economic sectors, the Economic Affairs and Finance
    Minister Danesh-Jafari emphasized in three separate meetings held
    last week with his counterparts from the said countries.

    According to MNA, Algeria and Iran are members of the same group in
    the World Bank (WB) and IMF. In 2004, Algeria headed the group in WB
    while Iran kept the same group position at the IMF. So it is of
    paramount importance to develop further the role of effective
    investment in both countries, said Jafari.

    Iran may benefit a lot from Sri Lanka?s know-how in tea industry by
    applying the proven techniques in order to promote its tea
    production.

    Encouraging Sri Lanka to invest in this sector was another matter
    that was jointly discussed, the minister stated.

    Jafari?s counterpart also expressed his appreciation for the credit
    facilities given to his country by Iran to purchase oil in return.

    The finance minister also kept a meeting with his Armenian
    counterpart Karen Chshmaritian in the office branch of Iran at the WB
    headquarters in another occasion and asked for a joint economic
    session in the near future and solving the minor problems standing on
    the way of investments by the Iranian companies in Armenia.

    He emphasized on mutual assistance for further development in various
    economic fields, particularly in transportation sector at the
    conclusion of their talk.
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