Managing director of Iran’s Bourse Company said that Iranian and Chinese stock exchange markets are due to sign a Memorandum of Understanding (MoU) on mutual cooperation in the near future.

A 30-member delegation from Iranian traders and industry owners is scheduled to leave Tehran for Moscow Monday morning to explore new grounds for the two countries’ joint economic activities a week after Russian President Vladimir Putin paid a groundbreaking visit to Tehran.

Iran’s deputy foreign minister plans to raise a proposal at the next meeting of the group of 8 developing Muslim countries (D-8) for the joint manufacture of cars by the D-8 member states.