Economy, Domestic Economy

Tehran, Budapest to Reestablish Economic Commission

Tehran, Budapest to Reestablish Economic CommissionTehran, Budapest to Reestablish Economic Commission

Iran-Hungary Economic Commission will be reestablished after more than a decade, says Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh. “There is a good chance that a meeting of the commission will soon be held in Budapest,” IRNA quoted the minister as saying in Tehran on Monday in a meeting with Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto who was accompanied by a Hungarian trade delegation headed by Prime Minister Viktor Orban.  Orban’s Iran visit is the first by a Hungarian prime minister in 27 years. The delegation signed eight memoranda of understanding on economic cooperation with Iranian Cabinet members headed by First Vice President Es’haq Jahangiri. The documents focused on various issues, including increased interaction between the two sides’ foreign ministries, double taxation avoidance and boosting investment and cooperation in tourism and cultural heritage, as well as communications technology. The Hungarian mission also visited Iran Chamber of Commerce, Industries, Mines and Agriculture on Monday to attend a business forum. There, they signed several MoUs with Iran’s private sector representatives.