Economy, Domestic Economy

Special Cooperation Council

Special Cooperation Council Special Cooperation Council

An agreement has been reached between Iran and Turkey to establish a Supreme Council of Bilateral Cooperation, which will be run by both countries’ presidents, Fars News Agency quoted Iran’s minister of industry, mine and trade, Mohammad-Reza Nematzadeh as saying on Wednesday. “Government Officials from both countries can join the council and participate in its meetings,” he said on the sidelines of the fourth D-8 ministerial meeting in Tehran. Noting that trade between Tehran and Ankara is expected to reach $30 billion, he added that the two sides are negotiating the terms for launching a joint industrial town in Iran. Regarding the incentives provided to foreign investors, he said: “Iranian laws are clear and impartial” and “incentives and benefits are offered to all investing countries alike.”