16 August 2007 - 17:15
  • News Code: 112270

TEHRAN -- Iran"s ambassador to Cuba said, "Arak Pars Wagon Company" with its major contracts in railroad industry has a big share of trade exchanges between Iran and Cuba.

Mostafa Alaei told IRNA here Wednesday, "Right now, Iran-Cuba trade exchange leveled at 200 million euros, a big part of this amount belongs to production of 750 wagons to carry passengers, cement and cargo."

Cuba has signed an agreement in the field of pharmaceutics technology transfer with Iran, especially Hepatitis medicine, the envoy added.

He explained, "Cuba in the fields of construction of residential buildings, transport and oil industry, needs Iran"s cooperation and Markazi province by its strong industrial infrastructure can play an effective role in this concern."

Alaei continued, "Iran is executing 60 projects in Cuba right now, which include power plants and dam construction, exporting bicycle, fisheries, agriculture and construction of a 70 kilometers freeway."

News Code 112270

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