Home » News » ZIMBABAWE, IRAN LOOKING TO BOOST BILATERAL TRADE, INVESTMEMNT

HARARE, June 4 — Zimbabwe and Iran plan to use the next session of their Joint Commission on Economic Co-operation to expand trade and investment between the two countries, says Tehran’s Ambassador in Harare, Mohamad Amin Nejad.

He told the media after paying a courtesy call on Vice-President Emmerson Mnangagwa here Wednesday that Iran was convinced that engagement between the two countries would yield increased economic co-operation.

“We are planning to organize our 8th Economic Joint Commission meeting here in Zimbabwe which will be an occasion to bring the actors and stakeholders of the two countries to come together to discuss about the details of any potential, mutually beneficial co-operation for the two sides,” he said.

“It is not yet finalised but as we had the 7th commission in Iran in 2012 now we are thinking if we can have it this year, 2015, in Harare but the date is yet to be finalised.”

Nejad said the two countries could co-operate in various areas, including technology transfer, adding that Iran could invest in Zimbabwe in highly technical sectors. “We are more than (willing) to explore and to work hard to improve our co-operation in ICT, mining, oil and all the sectors we can have potential and capacities,” he added.

Iran and Zimbabwe have developed strong political ties over the years. Through the joint commission mechanism, the two countries are exploring ways they could also increase trade and economic co-operation,
especially by the private sectors.

In 2008, Tehran and Harare signed a joint venture deal to manufacture tractors in Zimbabwe through a company called Motira.

SOURCE: NEW ZIANA

Archives