The Islamic Republic of Iran and Switzerland signed on Sunday a memorandum of understanding (MoU) on expansion of shipping and sea transport cooperation.
The MoU was singed between the representatives of shipping companies from Iran and Switzerland.
The two sides exchanged views on expansion of cooperation on transport, construction of Express train, renovation of road transport, and carrying development plans on infrastructure and rebuilding the ports.
The MoU was signed between Iran Ports and Maritime Organization (IPMO) and Swiss MSC shipping lines as the second biggest shipbuilding company.
The MoU gives green light to Swiss shipping companies to come to Iran for joint venture cooperation after implementation of the Joint Comprehensive Plan of Action.
MSC is one of the biggest shipping companies in the world with 14.9 percent share of the global market in marine transport and have terminals in some 55 ports round the globe.
MSC is the owner of chained cruise (recreation) ships in the world.
The MoU authorizes the MSC of Switzerland to broaden scope of cooperation in the Iranian ports of Bandar Abbas, Chabahar and Imam.
Officials of the Swiss shipping lines voiced readiness for joint venture investments in the Iranian shipping and marine industry.