Iran and Kyrgyzstan discuss expanding private sector ties
Iran and Kyrgyzstan have discussed the ways to expand links between private sectors, IRNA news agency reported.
In a meeting between Iranian ambassador to Kyrgyzstan and Kyrgyz minister of labor and youth in Bishkek on Saturday, the two sides also agreed to hold meetings for establishing joint chamber of commerce.
In July 2012, Iran and Kyrgyzstan signed a memorandum of
understanding, including 15 articles, at the end of their 10th
joint cooperation meeting in Tehran.
The two sides agreed to form joint companies and streamline customs
affairs in a bid to boost the two-way trade. They also called for
the bilateral trade to rise to $2 billion within three years.
The two sides expressed readiness to expand cooperation in the
fields of agriculture, industry, mining, service and tourism.
Iran mainly exports clothing, nuts, paints and flooring to
Kyrgyzstan and imports meet, grain and steel scraps instead.
Kyrgyz Ambassador to Iran Medetkhan Sherimkulov has called on
Iranian companies to have a greater role in economic, agriculture,
industrial and cultural fields in Kyrgyzstan.
He said 180 industrial units are currently operating in Kyrgyzstan,
adding that both Iranian and Kyrgyz traders have established these
units through joint venture, with the Iranian companies accounting
for 70 percent of the investment, according to Press TV.