TEHRAN, Nov 29 (NNN-FNA) – Iran signed a Memorandum of Understanding valued at 300 million U.S. dollars with Russia, for car exports to the country.
Russia is one of the customers of Iranian automobiles, Mohammadreza Najafi-Manesh, president of the Association of Homogeneous Powertrain Industries and Parts Manufacturers, was quoted as saying.
Najafi-Manesh noted that, Iran had exported some 1,000 vehicles to Venezuela, adding that, more orders from the South American country are expected in the future.
Najafi-Manesh said, Russia and Venezuela are two “good” markets for Iranian cars, noting that Iran will be able to achieve a favourable global status in automobile exports, once the ground is prepared.
Iran had previously exported cars to Armenia and Azerbaijan as well, he added.
