Iran, Egypt Discuss Expansion of Economic Ties

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi and the Egyptian Minister of Finance Mohamed Maait discussed the expansion of economic ties between the two countries in a meeting in Cairo.

Khandouzi arrived in Cairo on Sunday at the head of a delegation to attend the 8th annual meeting of the Asian Infrastructure Investment Bank (AIIB), Mehr News Agency reported.

During the meeting with Maait, Khandouzi expressed the readiness of the Islamic Republic of Iran to develop banking cooperation with Egypt as well as transferring pharmaceutical technology and medical equipment to the country.

Cooperation in the field of customs and tariffs and support of banks to businessmen and investors were also among the subjects that were agreed upon by the ministers of the two countries. The Iranian official also expressed willingness to cooperate with Egypt in establishing joint banks, and shipping companies. He further proposed to form a joint committee between the two ministries to continue the communication and follow up on the discussed projects.

The Egyptian minister for his part stated that Egypt considers it important to develop relations with the Islamic Republic of Iran, expressing hope to see the improvement of relations between the two countries soon. “The two countries can also cooperate in the field of tourism, and collaborate on joint productions,” the official said. - Tehran Times