Iran, Kazakhstan Sign Five Co-op Documents

Iran, Kazakhstan Sign Five Co-op Documents

Iranian and Kazakh officials signed five memorandums of understanding (MOUs) on the sidelines of a meeting between the visiting Iran’s President Hassan Rouhani and his Kazakh counterpart Nursultan Nazarbayev in Astana Dec. 22, Iran’s state-run IRINN TV reported.

The signed documents include MOU for animal quarantine, a document for cooperation in the field of shipping in the Caspian Sea, a MoU on facilitating tourism, a cooperation document between the Central Bank of Iran and the National Bank of Kazakhstan for boosting mutual trade and a MoU on cooperation in the field of labour and social security.

Rouhani, who is on a tour to three regional countries, arrived in Kazakhstan on Dec. 21.

He was officially welcomed by Kazakh President Nursultan Nazarbayev at the Asian country’s presidential palace in Astana on Dec. 22 morning.

According to Iranian Customs Administration, over the last fiscal year (ended March 20, 2016) the Islamic Republic imported goods worth at $87 million from Kazakhstan. Meanwhile Iran exported goods worth at $137 million to Kazakhstan.

The two sides are determined to increase their volume of trade turnover to $1 billion per year.

During a visit of Kazakh president to Iran earlier in April 2016, Tehran and Astana agreed on a total of 66 documents on cooperation between the two countries.