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Iran, Georgia ink MoU

Iran, Georgia ink MoU

Iran and Georgia signed an economic memorandum of understanding (MoU) on Tuesday to enhance cooperation in various fields, including banking ties.

The MoU was signed following the 6th joint economic committee of Iran and Georgia on Tuesday and entails 16 articles, including cooperation on transportation, information technology, tourism, agriculture, labor, health, and education.

Facilitating the banking ties are among the contents of the MoU, Iran's Minister of Cooperative, Labor and Social Welfare Ali Rabie said after signing the agreement.

Georgia’s Minister of Economy and Sustainable Development Giorgi Gakharia told reporters that Iran-Georgia cooperation on transportation and transit are two topics in the MoU, and the two countries' bilateral ties on the issue means the Persian Gulf is linked to the Black Sea and Europe.

He also said that given Iran's valuable experience in agriculture, fishery, oil and gas, Georgia is interested in cooperating with Iran.

The 5th economic joint committee of Iran and Georgia was held in Tehran two years ago.