The Memorandum of Understanding was signed during the meeting held in Tehran on Monday morning between Iran’s minister of economy and the Czech minister of industry.
The newly-signed agreement consists of various provisions including formation of a joint commission between the Islamic Republic of Iran and the Czech Republic aiming to put into operation the MoU as well as identifying the obstacles on development of bilateral ties, joint collaboration in the fields of industry and mining, construction of compound power plants as well as cooperation in the areas of technology transfer and railroad transit.
Speaking at the meeting, Iran’s Tayebnia pointed out the country’s taking advantage of anti-Iran sanctions by decreasing budget dependence on oil; “even after the removal of sanctions, Iran still remains determined to decrease the share of oil in the annual budget by improving business and boosting the private sector.”
