Iran, Russia Sign MOU to Increase Transit Cooperation Along International Corridors
Date
4/26/2023 4:54:28 AM
(MENAFN) Iran and Russia have signed a memorandum of understanding (MOU) on transit cooperation, aimed at increasing trade, transit, and storage of goods along international corridors, particularly the North-South corridor. The MOU was signed in Moscow between the Iran Transportation Development Fund, the International Coordinating Council on Trans-Eurasian Transportation (CCTT), and the Economic Development Center of the Commonwealth of Independent States (CIS).
The signatories of the MOU emphasized the exchange of information, carrying out joint projects, and exchange of specialized delegations to achieve their goals. The MOU was signed in the presence of high-ranking officials from both countries, including Iran's Ambassador to Russia Kazem Jalali, Russian Deputy Transport Minister Dmitry Zverev, and the head of Iran Transport Development Fund Davoud Danesh-Jafari.
Earlier this month, during a meeting between Iranian Transport and Urban Development Minister Mehrdad Bazrpash and a visiting Russian delegation headed by Igor Yevgenyevich Levitin, a senior aide to the president of the Russian Federation, the two sides emphasized the necessity to boost the transit of commodities through the Caspian Sea. The meeting, held at the Iranian Transport and Urban Development Ministry in Tehran, focused on the development of cooperation in the air, sea, rail, and road sectors, as well as multimodal transportation.
The Iranian minister highlighted the benefits of transportation cooperation between the two countries, emphasizing the long history of maritime trade between their ports. He also suggested utilizing the capacity of the active ports of both countries in the Caspian Sea for new cooperation opportunities. The MOU signed in Moscow further underscores the commitment of both countries to increasing transit cooperation along international corridors, and promoting economic growth and development through enhanced transportation links.
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