Mohsen Shaterzadeh, Iranian deputy minister of industries and mines for economic and international affairs, Iran-Venezuela trade volume to hit $11bln

told the Mehr News Agency Monday, that Iran and Venezuela have recently signed eleven memorandum of understandings (MOUs) and agreements on different industrial sectors.
He added that the MOUs and agreements were signed in Caracas during the recent trip of Iran’s Majlis Speaker Golam-Ali Haddad-Adel to the Latin American states of Cuba and Venezuela.
The two countries made agreements on the establishment of the joint Forex fund, an assembly line for Iranian passenger cars of Samand and Pride, and construction of the used engine oil purification factory, he explained.
Construction of two dairy factories and a box-making company, an agricultural MOU, and the contract on cooperation of Iran-Venezuela Chamber of Commerce are other issues agreed to by the two parties.
Tehran and Venezuela also inked MOUs on building the plastic parts of automobiles, and establishment of the production line of home appliances, he noted. At the first phase of producing home appliances, 100,000 refrigerators will be produced, followed by other appliances such as washing machines.
Shaterzadeh put the current volume of bilateral contracts at $7 billion, stating, “The figure is predicted to be increased to $11 billion by signing the new agreements.
The diplomatic and economic relations between Iran and Venezuela have been extremely close in the last few months, especially after the Venezuelan government voted in favor of Iran’s intentions of developing nuclear energy.
The above news comes after the announcement last week that the two countries would work together to build 10,000 homes in Venezuela after signing an agreement worth up to $404.6 million. Under the deal, four projects of 2,500 homes each will be built in 15 months by Iranian company Keyso Corporations.                   

منبع: pravda . ru