Iran, Czech Republic sign industrial cooperation document

The document was sealed by Czech envoy in Tehran Svatopluk Čumba and Deputy Minister of Industry, Mine and Trade Mansour Moazami.

After the implementation of Iran nuclear deal also known as Joint Comprehensive Plan of Action (JCPOA), IDRO started investment in Iran, IRNA quoted Moazami as saying.

He also expressed Iran's readiness to develop cooperation with Czech Republic.

Čumba, for his part, said there are many opportunities for both countries to promote cooperation.

He also urged both sides to respect JCPOA.

Tehran and Prague also stressed increasing cooperation in railway, making wagons and also removing banking barriers.

The Industrial Development & Renovation Organization of Iran known as IDRO Group was established in 1967 in Iran. IDRO Group is one of the largest companies in Iran. It is also one of the largest conglomerates in Asia.