Iran, Afghanistan ink industrial memo

TEHRAN – Iran Small Industries and Industrial Parks Organization (ISIPO) and Afghanistan’s Ministry of Commerce and Industries signed an industrial memorandum in Mashhad, southeastern Iran, on Sunday.

The sides inked the memo to boost bilateral industrial and economic ties by developing industrial parks.

Based on the agreement, ISIPO is obliged to cooperate with the Afghan ministry on construction of three industrial parks in Afghanistan.

The parties vowed to coordinate the operations and required information and to finance the projects through Economic Cooperation Organization (ECO) and Afghanistan’s domestic resources.