Malaysia urges immediate rise in banking ties with Iran

EghtesadOnline: The Malaysian Prime Minister Najib Tun Razak in a joint press conference with the visiting Iranian President Hassan Rouhani stressed immediate action to boost banking cooperation between the two countries.

News ID: ۷۷۰۲۱۸

11 October 2016

The Malaysian prime minister said that the two countries' central banks should immediately act to find mechanisms for shortening the time needed for banking transactions.

Referring to dimming bilateral economic cooperation between Tehran and Kuala Lumpur in the time Iran was under sanctions, Razak said that the country's minister of Agriculture and Agro-based Industries will visit Iran in the near future to explore ways of developing mutual cooperation, reports IRNA.

Malaysia is interested in Iran's oil and gas sector, auto industry and road construction while it seeks to cooperate with the Islamic Republic in field of tourism, the official added.

The Malaysian minister also called for further cooperation among the Islamic countries for establishment of peace and stability in the Islamic World.

Razak declared that he has accepted President Rouhani's invitation to visit Iran in the near future.