January29, IFIF public relation- President Hassan Rouhani on Saturday communicated the law on Iran-Hungary cooperation agreement for implementation by Finance Ministry.

Majlis approved the law on November 15 and the law was signed by Guardian Council one month later.

According to the agreement, Iran and Hungary will boost economic ties on the basis of mutual interest and reach consensus on different cases.

Both sides expressed their willing to expand and broaden trade ties based on national and international regulations.

The two countries are also committed to prepare the ground for long-term cooperation in different fields including developing infrastructures, transportation, automotive industry, water management, agriculture and food industries. 

The two sides are to spare no efforts to foster cooperation through different strategies, including exchanging information, forging new contacts and encouraging visits between trade delegations.