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| Cyprus And Iran Sign Bilateral Investment Protection Agreement |
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, March 05, 2009
Cypriot Minister of Commerce, Industry and Tourism, Antonis Paschalides, arrived in Teheran on Monday at the head of a business delegation for a two day official visit
at the invitation of the Iranian Minister of Commerce, which involved the signing of
an agreement to protect and promote mutual investment.
On the first day of his stay at the Iranian capital, 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.
During the visit, Paschalides also attended 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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