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Iran to set up joint shipping line with Cuba

Iran to set up joint shipping line with Cuba

Tehran: Iran's Minister of Commerce Masood Mir-Kazemi (pictured) has announced that the country has signed an agreement with Cuba to boost mutual trade relations by establishing a joint shipping line. Following his return from the second trade meeting of the Non-Aligned Movement member states in Cuba, the Minister told local press that the two countries have signed contracts related to transport as well as other industries requiring investment. He added, "Both countries have important business ties. Cuba needs train wagons and other Iranian products, and we are interested in Havana's well-developed biology projects."

The deal is also expected to boost trade between Iran and other Latin American countries. "Venezuela intends to purchase Iranian agricultural products and construction materials, so the deal will also help boost Iran-Venezuela trade relations," he concluded.  [06/11/07]

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