“We have made good progress in areas such as pharmaceutical, mining and household appliance industries, which can pave the way for joint activities between the two countries,” Seyed Reza Fatemi Amin said after meeting the Deputy Prime Minister. Cuban Ricardo Cabrisas in Tehran on Saturday.

“During the meeting, 34 business opportunities were drafted for joint economic projects between Iran and Cuba,” noted the Iranian minister, stressing that the visit of the Cuban deputy prime minister can open a new turning point in relations. bilateral relations between Iran and Cuba.

Fatemi Amin also emphasized strengthening ties between the Iranian and Cuban private sectors.

Cabrisas called for facilitating banking relations between Iran and Cuba.

Iran can help Cuba in the extraction and production of minerals such as nickel, iron, lead and gold, he stressed.

Ricardo Cabrisas is on an official visit to Iran leading a high-ranking delegation to attend the Iran-Cuba Joint Economic Commission scheduled for May 15-17.

Cuban Minister of Energy and Mines, Livan Arronte, and Vice Ministers of Foreign Trade and Foreign Investment and Food Industry, Deborah Rivas and Diorgys Hernandez are part of the delegation.

Iranian and Cuban officials are also expected to seal agreements on various joint projects, including pharmaceuticals, agriculture, customs, food industry and vaccine production.

Strengthening cooperation in the areas of trade, investment, transit and transport, electricity and energy, oil and gas, customs, banking and finance, health and agriculture are among the priorities of the 18th Iran-Cuba Joint Economic Commission.

B2B meetings are also planned on the sidelines of the 3-day economic event to help boost exchanges between Iranian and Cuban private companies.