Iran, Lebanon mull mechanisms for joint venture investment

EghtesadOnline: Minister of Roads and Urban Development Abbas Akhoundi on Wednesday called for regulating mechanisms to develop Iran-Lebanon joint investment in the maritime, air, railway and urban development industries.

News ID: ۷۳۶۴۶۴

01 September 2016

He made the remarks in a meeting with Lebanese Minister of Industry Hussein al-Hajj Hassan, reports IRNA.

Akhoundi called for formation of a joint investment fund.

Akhoundi said that Iran is ready to hold the next session of the Iran-Lebanon Joint Economic Committee session.

The Iranian minister said that the Lebanese government is willing to speed up preparatory works for general agreement on preferential trade tariffs.

Akhoundi said that as the Iranian co-chairman of the Joint Committee, he will absolutely follow up the issue through Minister of Industries and Mines so that the list of the goods that should be put in the preferential tariff agreement will be soon filled up.

'We are ready to set up joint investment fund so as to launch joint investment in the air, maritime, highway, urban development and stock market domains. In line with promotion of cooperation, direct Beirut-Mashad and Beirut-Tehran flights should be launched and promoting Beirut-Shiraz flight as well.

Iran-Lebanon trade stood at about 115 million last year and the two countries try to promote joint cooperation committee to boost trade.