ID :
147677
Wed, 10/27/2010 - 14:01
Auther :

Tehran, Caracas explore industrial co-op avenues

TEHRAN, Oct. 27 (MNA) - Iranian Industries and Mines Minister Ali-Akbar Mehrabian met with Bolivian Economy Minister Luis Arce Catacora in Tehran on Tuesday, discussing possible ways to expand industrial cooperation.

Mehrabian said that his country pursues establishing a strategic relation with Bolivia which has the potentiality to become an industrial hub in the Latin America.

Iran will help Bolivia set up a tractor production line in the country.

Managing Director of Tabriz Tractor Manufacturing Company Abolfath Ebrahimi said in Tabriz city on Monday that the company is ready to set up a tractor production line in Bolivia.

"We are also prepared to train Bolivian experts and transfer necessary technology to that country," Ebrahimi said.

Bolivian President Juan Evo Morales who visited Iran's northwestern city of Tabriz on the first day of his Iranian tour, called for transfer of Iran's tractor producing technology to his country.

Morales also ordered to buy some 1,000 tractors from Tabriz Tractor Manufacturing Company.

Iran's tractors are more compatible with Bolivian geographical conditions, he said.

The Bolivian president`s goal was the strengthening bilateral ties and seeking more Iranian investment in the South American country.

In 2007, President Mahmoud Ahmadinejad became the first Iranian chief executive to visit Bolivia. During the trip, the two countries signed an agreement on conducting joint projects to be worth $1.1 billion dollars over the next five years.



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