Iran's Deputy Minister of Roads and Urban Development Mohammad Rastad explored ways of using trade and connectivity capacities with the Vietnamese officials.

The managing director of the Ports and Maritime Organization met Vietnamese national shipping authorities during a visit to Vietnam and discussed the trade and communications capacities of the two countries. The discussions focused on the launch of a shipping line between ports of the two countries.

Rastad also met with the Deputy Minister of Transportation during his visit to Vietnam and talked through the trade and communications capacities of the two countries on the development of port and maritime cooperation. Mr. Rastad praised the capabilities of the ports of Vietnam and the University of Marine Sciences, while expressing hope that in the future, there will be stronger ties to the corresponding sections in Iran.

The first meeting of Iran-Vietnam Maritime cooperation working group will be held in Tehran by the end of this year, said the managing director of the Ports and maritime Organization while emphasizing on the implementation of Article 15 of the Joint Shipment MoU.

Referring to port capacities and the transit role of Iran in the region, Rastad also pointed to the implementation of issues such as "supporting and setting up a shipping line between the two countries", "exploiting the academic capabilities of the two countries and establishing a link between the relevant authorities", and " facilitating financial transactions and facilitating the transfer of oil products, especially bitumen to Vietnam”

Rastad and accompanying delegation also visited Hai Phong, the biggest trade port in northern Vietnam, on the invitation of the country’s maritime officials and with the aim of boosting port and maritime cooperation. During the meeting, senior directors of the Hai Phong Port presented a report on its capacities and functions.

Reference: pmo.ir

The fifth meeting of Economic Cooperation Organization (ECO) reference marine organizations kicked off on Wednesday

Headed by ECO’s Secretary General Hadi Soleimanpour, the gathering was attended by the representatives from all member nations.

Speaking in the meeting, Soleimanpour expressed the importance of cooperation between the member states in maritime sector, saying, “The main objective of this gathering is to expand cooperation between member states in the field of maritime navigation and also to connect landlocked nations to the sea through coastal members.”

The official noted that maritime transportation is a key factor for economic development of all ECO members, adding “connecting the landlocked members to the ports in coastal countries is among ECO’s top priorities.”

“For over 40 years, ECO nations have been investing extensively in development of various transport infrastructure in the area, however the members should continue their efforts to eliminate various barriers, such as customs and other problems which halts fluent transit.” he said.

Soleimanpour further noted it is estimated that by 2025 about 80 percent of the residents of ECO countries will have access to transit and communication ways such as rail and road.

In April 2018, during the 23rd meeting of ECO foreign ministers in Dushanbe, Tajikistan, the rotating presidency of ECO was handed to the Islamic Republic of Iran for a three-year term.

ECO is an inter-governmental regional organization encompassing countries from Europe, Caucuses and Central Asia, Middle East and South Asia with more than 460 million inhabitants and over 8 million square kilometers connecting Russia to the Persian Gulf and China to Europe.

The overall objective of the organization is the sustainable economic development of its member states and the region as a whole.

Reference: pmo.ir