Code: 625319 A

An official with Iran Road Maintenance & Transportation Organization (RMTO) said Tehran and Athens have signed a memorandum of understanding (MoU) to strengthen their cooperation in the field of transportation.

The cooperation document was inked after a two-day summit between Iran and Greece on road maintenance and transportation wrapped up recently, Reza Nafisi added.

According to the terms of the MoU, the two sides would help facilitate transportation services between the two countries by removing any exiting obstacles, he added.

Nafisi said Tehran and Athens are also ready to boost their cooperation in the sectors of intelligent transportation system (ITS) and road safety.

He said the agreement would help the two countries’ drivers and businesspeople easily travel to Tehran and Athens and raise their volume of exports and imports.

Iran exported more than €1.26 billion worth of goods to Greece in 2017, indicating a 68.8% surge compared with that of the previous year.

Iran’s imports from the European country during the same period amounted to nearly €32.1 million, showing a 5.86% rise year-on-year.

Iran-Greece trade stood at over €1.29 billion last year, registering a 66.33% YOY growth. This makes Greece Iran’s sixth biggest trade partner from among the 28 member states of the European Union in 2017 after Italy, France, Germany, Spain and the Netherlands in a descending order.

Greek Prime Minister Alexis Tsipras was the first western leader to visit Iran after the lifting of international sanctions against Iran over Tehran’s nuclear program.

"Greece will become an energy, economic and trade bridge between Iran and European Union," Tsipras said in Tehran in February 2016.

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Tehran transportation MoU Athens
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