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News number: 9107159510

12:35 | 2013-04-10

Economy

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Iran, Burundi Keen to Expand Economic Ties

TEHRAN (FNA)- Iranian Deputy Minister of Industry, Mines and Trade Massoud Movahedi and Burundian Minister of Commerce, Industry and Tourism Victoire Ndikumana in a meeting underlined the need for the further expansion of economic ties between the two countries.



During the meeting in Tehran on Tuesday, Movahedi and Ndikumana explored avenues for bolstering and reinvigorating mutual cooperation in the economic field.

The Iranian deputy minister pointed to the importance that Iran attaches to broadening of ties with the African states, and said, "Iran has many potentials and capabilities in production of cement, copper and decorative stones which paves the grounds for economic cooperation between the two countries."

The Burundian minister of commerce, industry and tourism, for her part, said that her country is keen to expand economic ties with Iran.

"Iranian investors can participate in Burundi's development projects," she said.

Burundi is a country located in central Africa. Its capital is Bujumbura and it is bordered by Uganda, Congo, Rwanda and Tanzania.

Iranian President Mahmoud Ahmadinejad's administration has striven hard to maximize relations with the African continent during the last decade.

Iran is now an observing member of the AU and has shown an active presence in previous AU summit meetings.

The country is considered as one of the AU's strategic partners along with India, Japan, China, several South American states and Turkey, while Tehran is also believed to be prioritizing promotion of its economic and political ties with the African states.