Iran to offer loan to Cuba

Iran to offer loan to Cuba
Mon, 18 Jun 2007 14:54:32

Iran offers Cuba 200 million euro in loan to improve ties.
Ministry of Mines and Industries has announced that Iran will offer a
200-million-euro loan to Cuba to boost bilateral commercial ties.

Dozens of memoranda of understanding in different sectors including
agriculture, dam construction and machinery manufacturing were inked
during the 12th Meeting of Iran-Cuba Joint Economic Commission held in
Havana during June 14-18, ISNA reported.

Mines and Industries Minister, Alireza Tahmasebi, who led the Iranian
delegation, told reporters in Havana that economic cooperation between
the two trans-regional states will be largely boosted in two years' time.

"Given the potential of the two countries, I believe that economic
cooperation between Tehran and Havana can be increased to an agreeable
level similar to Iran-Venezuela ties," he said.

Cuba is one of Iran's most important economic partners in Latin America.
In over two decades, Tehran and Havana have signed bilateral cooperation
agreements in sectors such as health care, biotechnology, construction,
fishing, culture, trade, agriculture, labor, social security and sports.

EB/BGH

http://www.presstv.ir/detail.aspx?id=13549&sectionid=351020102