7/11/2016 12:00:00 AM - 10:3 Code: 203 Print

Iranian and foreign banks signed over 35 MoUs

Iranian and foreign banks signed over 35 MoUs
July 10- IFIF public relation- Iranian Minister of industries, Mine and Trade Mohammad Reza Nematzadeh said that after the removal of western-imposed ...

July 10- IFIF public relation- Iranian Minister of industries, Mine and Trade Mohammad Reza Nematzadeh said that after the removal of western-imposed sanctions, over 35 MoUs and 215 investment agreements have been signed so far.

Nematzadeh voiced that Scandinavian countries have opened letters of credit (LCs) for Iranian producers and getting loans from foreign banks will be possible for the domestic producers, he added.

Meeting Korean officials, he underlined that Korea has to invest and transfer technology if they want to remain in Iranian market, otherwise Iran would stop their activities.