Qatar and Iran inked a memorandum of understanding (MoU) to launch a joint trade council aiming at boosting trade between the two countries.
The document, according to Tasnim News agency, was signed by Sheikh Khalifa bin Jassim Al-Thani, chairman of Qatar’s Chamber of Commerce and Industry, and his Iranian counterpart Gholam Hossein Shafeie, in Doha.
Jassim Al-Thani hailed the deal, saying the council will help explore investment opportunities and develop mutual cooperation.
In a separate announcement, Iranian Energy Minister Ali Akbar Mehrabian said Qatar has issued a permit for Iran to launch a major trade center in the Arab Gulf country.
The head of Iran’s Trade Promotion Organization Alireza Peyman-Pak confirmed the move arguing that establishment of an Iranian business center in Qatar will provide further opportunities for the country’s economic operators. Peyman-Pak also indicated that transportation and banking relations are key points for the development of trade between the two countries.