ALGERIA, IRAN TO RE-INVIGORATE BILATERAL INDUSTRIAL COMMITTEE

TEHRAN, -- The re-invigoration of the Algerian-Iranian Industrial Committee after eight years of standstill will mark a step forward to strengthen and boost bilateral industrial co-operation.

The two sides have expressed, during the current visit of Algerian Industry and Mining Minister Abdessalem Bouchouareb to Iran, their willingness to seize every opportunity to build an integrated economic partnership between the two countries.

The minutes of the 2nd meeting of the Committee, set up in 2003, provides for the strengthening of co-operation between the Ministries of Industry of Algeria and Iran and the financing institutions of the two countries, in order to facilitate the funding of joint industrial projects.

The minutes of the meeting was signed by Bouchouareb and Iranian Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh here Wednesday. The two sides agreed to hold annual meetings of the committee with Algeria to host the next meeting in May 2017.

Bouchouareb, who stressed that Algeria was committed to building an effective partnership with Iran, added that Algeria was seeking to draw on Iran's experience to diversify its national economy and industry, especially as Iran had managed to reduce its dependence on hydrocarbons despite the international sanctions imposed on it for many years.

Bouchouareb said that the lifting of international sanctions on Iran would open new prospects for co-operation and partnership between the two countries in all economic fields.

The Iranian minister expressed his country's readiness to enable Algeria to benefit from its experience in the industrial and economic fields, adding that the two countries were linked by deep and long-standing relations.

Source: Name News Network