Iran, Cyprus sign MOU on aviation, maritime co-op

May 17, 2016

TEHRAN - Iran’s Ministry of Roads and Urban Development and Cyprus's Ministry of Transport, Communications and Works signed a memorandum of understanding (MOU) at the first Iran-Cyprus joint meeting on transport cooperation on Monday, ISNA news agency reported.

The MOU which was signed by Abbas Akhoundi, Iran’s minister of roads and urban development, and Marios Demetriades, Cyprus's minister of transport, communications and works, covered the fields of aviation, ports and maritime.

According ISNA’s report, development of ports, maritime educational cooperation, investment of the private sectors of the two countries in ports and hinterlands, shipping Cyprus’s cargos to ports in Iran and around the world by Islamic Republic of Iran Shipping Lines (IRISL) and making new aviation agreements between the two countries were among the subjects mentioned in the MOU.

Cyprus shares a long history of good relations with Iran, including bilateral agreements dating decades back. Worth noting among the more recent ones are the agreements on promoting and protecting investments, merchant shipping, medical science, tourism, education and culture.

Additionally, in September 2014, The Chambers of Commerce of Iran and Cyprus proceeded to the signing of a memorandum of cooperation, thus offering a new momentum to the business connections of the two countries.



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