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Cyprus and Iran signed an agreement on the promotion and protection of investments
04/03/2009






The Minister of Commerce Industry and Tourism Mr Antonis Paschalides, heading a business delegation, arrived in Teheran on Monday for a two day official visit at the invitation of the Iranian Minister of Commerce. On the first day of his stay at the Iranian capital, Mr Paschalides had successive meetings with his Iranian counterpart, with the President of Iran’s Tourism Authority and Vice President of the Government, and with the Minister of Finance.

During the Minister’s meetings, issues of common interest were discussed and ways of further developing economic, trade, tourism and investment relations between Cyprus and Iran were examined. In the framework of the meeting with the Iranian Minister of Finance, an Agreement was signed for the Mutual Promotion and Protection of Investments between Cyprus and Iran.

Concluding his visit, Mr Paschalides attended, yesterday, a business forum in which the advantages of Cyprus as an international business centre were presented. He also held meetings with officials of the Iran and Teheran Chambers of Commerce.

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