Tuesday, December 07, 2004

4th session of Iran-Philippines committee opens

IranMania News: "4th session of Iran-Philippines committee opens

Tuesday, December 07, 2004 - ©2004 IranMania.com

LONDON, Dec 7 (IranMania) - The fourth session of the Iran-Philippines Joint Commission for Economic and Commercial Cooperation kicked off its work Tuesday.

Iranian Commerce Minister Mohammad Shariatmadari chaired the Iranian delegation while Philippine Trade and Industry Secretary Cesar Purisima headed the Filipino side.

Shariatmadari and Purisima stressed the importance of establishing joint working groups in the various fields of trade and banking, energy, transportation, industry, agriculture, culture and science, according to Iran's State News Agency (IRNA).

The two sides agreed to finalize and sign an agreement to encourage and support mutual investment. The Iranian side will also sign a memorandum of understanding with the Philippines` office for expansion of trade and export to exchange information, assess the two countries` markets, hold international exhibitions and economic conferences as well as establish joint working groups.

Iran and the Philippines are determined to explore avenues for resolving current trade problems between the two sides.

The Filipino side called for an increase in the volume of exports of agricultural products including mangoes and pineapples. Iranian Commerce Minister Mohammad Shariatmadari arrived in the Philippine capital Manila on Tuesday to attend the 4th session of the Iran-Philippines Joint Commission. He will depart Manila for Singapore on Thursday."

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