TEHRAN (Dispatches) - Iran's leading carmaker, Iran Khodro, and German-based Siemens company have signed a memorandum of understanding to expand Bilateral ties.
The MoU was signed on the sidelines of Iran's International Exhibition of Control, Instrumentation and Automation.
Iran Khodro and Siemens agreed to share know-how and expertise in the fields of marketing, participating in tenders, designing, supplying, installation and setting up the projects as a strategic partner.
The MoU focuses on cooperation in automotive, mining, oil, gas and petrochemical industries.
And also earlier in March, a senior German trade official called for broadening of mutual cooperation with Iran in different economic fields.
"Iran and Germany have many capacities to deepen their trade relations," Managing Director of Bavaria’s Business and Industries Association Bertram Brossardt said in a meeting with Iran's trade officials.