Iran, Syria Agree to Establish Joint Bank, Insurance Company to Boost Economic Cooperation
TEHRAN (Tasnim) – Iran and Syria reached an agreement to set up a joint bank and an insurance company during a historic visit by Iranian President Ebrahim Raisi to Damascus.
Launching a joint bank and an insurance company as well as the annual dispatching of 50,000 pilgrims to Damascus are part of a cooperation document inked between senior officials of the two countries on Wednesday.
Head of the Iran-Syria Joint Commission of Economic Cooperation Mehrdad Bazrpash said the Comprehensive Program of Strategic and Long-Term Cooperation between the Islamic Republic of Iran and Syrian Arab Republic and 14 other cooperation documents were inked by the presidents and high-ranking officials of the two countries.
He said the signing of 15 cooperation documents between Iran and Syria which is unprecedented, adding that they would facilitate the economic activities between the two sides' businesspersons.
Based on one of the cooperation agreements, 50,000 Iranian pilgrims will annually travel to Syria for visiting the holy places in the country, including the holy Shrine of Hazrat Zeynab (SA) and Hazrat Roghayeh (SA).
Regarding the establishment of a joint bank and an insurance company between Iran and Syria, Bazrpash stated, “In a joint meeting held in the presence of Iranian Minister of Economy Seyed Ehsan Khandouzi, the two sides agreed to launch a joint bank and an insurance company for boosting economic activities between the two countries.”
Heading a high-ranking political, economic and cultural delegation, Raisi arrived in the Syrian capital of Damascus on Wednesday at the official invitation of his Syrian counterpart Bashar al-Assad.
