Ukraine and Iran to start implementing joint economic projects

The document defines specific terms and agents in charge for all the areas of economic cooperation of the countries, the press service of Zubko's ministry said. "It is very important that we have decided on the transition to the implementation of specific joint projects and cooperation," Zubko commented on the signing, which took place on Monday in Tehran. The minister said the two countries would increase trade in agricultural sector, while Iran was ready to set up joint enterprises, and develop processing of agricultural products in Ukraine. Ukraine also offered Iran to invest in its forestry, cooperate in the fishing sector, and team up in the development of infrastructure and logistics needed to facilitate trade in agricultural products, Zubko said. "Ukraine invited Iranian investors to participate in the privatization of Ukrainian enterprises. We have agreed to establish a joint committee on investments for the development of various forms of investment cooperation, including public-private partnership," the minister added. He also said Ukraine and Iran would continue to cooperate in the banking sector, and would launch the Joint Ukrainian-Iranian Business Council. Its first meeting is to take place in Tehran, Zubko said. Besides, the minister stated that Kyiv and Tehran were interested in further cooperation in the coal production and metallurgical sectors. Zubko said the countries would also expand cooperation in the production of passenger and cargo cars, subway carriages, while trade in the car production sector would also grow. What is more, the parties would expand cooperation in the aviation sector, in particular they would modernize the An-140-100 aircraft and jointly start its serial production.