Iran and Turkey are in talks to set up an automotive joint venture, Eghtesadonline news website quoted an Iranian deputy minister of the industry ministry as saying on Sunday.
The two sides are working on a deal that envisages the joint production of passenger vehicles, Hossein Modarres said.
“As soon as the terms and conditions of the agreement are finalized, the project will be launched,” Modarres said.
“Besides passenger vehicles, the deal also envisages collaboration for manufacturing a number of other industrial products,” he said.
According to the report, Iran is also seeking to establish automotive joint ventures with Russia.
The move is in line with the ministry’s policies on cooperation with regional countries to bolster the industrial sector in general and the domestic auto market in particular.
Following the U.S. sanctions on Iran over the past year, a number of international carmakers have halted their activities in the country.
Xinhua
Six major European countries announced on Friday that they would join a special trade exchange designed to alleviate the impact of the US sanctions on Iran. Belgium, Denmark, Finland,...
China, Iran to forge closer ties due to common threat from United States, analysts say
French minister criticises US over ‘unanswered’ Iran attacks
Islam has the best argument in support of human rights: Judiciary chief
UN adopts eight resolutions in condemnation of Israeli crimes in Palestine
Trump’s maximum pressure policy on Iran has backfired and experts say it will fail
S. Korea’s exports of humanitarian goods to Iran effectively halted after U.S. sanctions
Copyright © 2013 Real Iran. powered by Wordpress.