Minister: Iran negotiating with American companies

Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said several big American companies have started negotiations with Iran recently.

Talking to IRNA, Nematzadeh said Iran would interact with other countries in the fields of joint venture and investment.

‘The Islamic Republic of Iran is seeking to renovate its industry by utilizing state-of art technologies,’ he added.

‘Ministry of Industry, Mine and Trade is keen on luring foreign investments and finances,’ Nematzadeh noted.

The Iranian minister, who arrived in Baghdad on Wednesday (Feb 17) to promote bilateral relations, met Iraqi Prime Minister Haider al-Abadi, Chairman of Supreme Islamic Council of Iraq Seyed Ammar Hakim earlier on Thursday.

He also met governor of Iraq’s National Bank, and his Iraqi counterpart on Thursday and visited industrial projects including a factory assembling Iranian automobiles.

Nematzadeh, in a meeting with Al-Abadi, stressed deepening bilateral cooperation in industrial, commercial, and joint investment projects.

During the meeting which focused on ways of increasing bilateral trade, the Iraqi prime minister thanked Iran over its support to develop his country’s industrial infrastructure.

Nematzadeh expressed Iran’s readiness to transfer its experience on industrial development and help the government of Iraq through joint investment projects.

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