Venezuela and Iran Sign 25 Bilateral Cooperation Agreements

June 13, 2023



The presidents of Venezuela, Nicolás Maduro, and Iran, Seyed Ebrahim Raisi, signed 25 new bilateral cooperation agreements during Raisi’s visit to Caracas as part of his tour of Latin America. 

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The agreements signed in different strategic sectors include agricultural, oil, petrochemical, gas, scientific, technological, academic, commercial and cultural areas.

The Venezuelan president said at a joint press conference that Raisi’s visit to Caracas “marks a new milestone” in the relationship, between the two nations that are called to participate in the construction of a new world.

“We have signed 25 agreements and at this moment new agreements for new investments are still being negotiated,” Maduro said, noting that “Iran and Venezuela are united, and we will be increasingly united in building economic prosperity.” 

We know the importance of education, science and technology for youth, and therefore we are capturing the immense progress that the Islamic Republic of Iran has made in various aspects of its development. Iran is a rising power of the new world!

The Iranian president said that both nations have “strategic interests, our cooperation is deep and strategic.” Raisi warned that currently both nations have “common enemies, who do not want our sovereignty or our independence.”

According to the president, two years ago trade exchange between the two countries was close to $600 million, now it is around $3 billion, and the goal for the near future is to reach $10 billion.

The Iranian president is now traveling to Nicaragua, the second stop of his tour of Latin America, which also includes Cuba.





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