Iran, Cyprus sign multiple agreements after latest MoU
May 18, 2016
Iran’s Roads and Urban Development Ministry and Cyprus’ Transport, Communications and Works Ministry signed a memorandum of understanding (MoU) at the first Iran-Cyprus joint meeting on transport cooperation on Monday, the ISNA news agency reported.
The MoU, which was signed by Abbas Akhoundi, Iran’s Roads and Urban Development Minister and Cyprus’ Transport, Communications and Works Minister Marios Demetriades, covered the fields of aviation, ports and maritime.
According to the ISNA, the development of ports, maritime educational cooperation, investment in the private sectors in ports and hinterlands, shipping Cypriot cargo to Iranian ports and around the world by Islamic Republic of Iran Shipping Lines (IRISL) and making new aviation agreements between the two countries, were among the subjects mentioned in the MoU.
Cyprus shares a long history of good relations with Iran, including bilateral agreements dating decades back. Among the more recent agreements are the ones on promoting and protecting investments, merchant shipping, medical science, tourism, education and culture.
Additionally, in September 2014, both countries’ Chambers of Commerce signed a memorandum of cooperation, thus offering a new momentum to the business connections between the two.
Source: Tehran Times, ISNA