Iranian, German biz groups reach cooperation deal on tech, trade-Xinhua

Iranian, German biz groups reach cooperation deal on tech, trade

Source: Xinhua

Editor: huaxia

2023-05-25 00:04:30

TEHRAN, May 24 (Xinhua) -- Two major Iranian and German business associations on Wednesday signed a deal on expanding cooperation in the fields of technology, trade, industry and training, the Iranian Ministry of Industry, Mine and Trade said in a statement.

The memorandum of understanding (MoU) was signed in Tehran by Chief Executive of Iran Small Industries and Industrial Parks Organizations (ISIPO) Ali Rasoulian and Chairman of the Board of Germany's Federal Association for Economic Development and Foreign Trade (BWA) Michael Schumann, said the statement published on the ministry's website.

Under the MoU, the two sides agreed to boost technology exchanges, supply machinery required by Iranian firms and hold industrial and trade events for regional countries.

ISIPO is a developmental organization affiliated with the Iranian ministry tasked with supporting Iran's industrial parks and small industries.

The BWA is a German trade advocacy group that arranges valuable contacts countrywide and internationally, according to its website.