Monday, 23 August 2010

Iran and Algeria in talks about free-trade agreement

Iran and Algeria are in talks about a free-trade agreement. The discussion took place when Iranian Commerce Minister Mehdi Ghazanfari met Algerian Ambassador to Tehran Soufiane Mimouni.

Ghazanfari said that Iran respects the African continent for its international commercial relations and in this regard Algeria could be an entry point for Iran into North Africa. The commerce minister said that establishing a joint bank and exchanging trade delegations are some of the ways Tehran and Algiers could boost business trade.

Mimouni said the current political relations between the two countries were good and expressed hope that commercial ties would strengthen the economy of both countires.

Source: Bernama

For more news and expert analysis about Iran, please see Iran Strategic Focus.

For more news and expert analysis about Algeria please see Algeria Focus and Algeria Politics & Security.

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