Trade
According to the above-mentioned January 2006 document, Iran and Cuba expanded cooperation in several commercial, banking, agriculture, health and cultural fields. The two countries also stated they will expand cooperation in areas of the sugar industry, fishery, biotechnology, sports, transportation, development projects, investment, tourism, information technology and communications and water resources.
The document asks for Iran and Cuba to provide more facilities in banking cooperation with an aim of promoting economic and trade ties and making use of mutual scientific, research and industrial capabilities. In 2006 trading between the two countries reached US$5 million.
In 2008, Iran granted Cuba a 200-million-Euro credit line to undertake several different projects; a large part of that money was dedicated to financing Cuban imports of railroad wagons, both for cargo and passengers.
Read more about this topic: Cuba-Iran Relations
Famous quotes containing the word trade:
“The girl must early be impressed with the idea that she is to be “a hand, not a mouth”; a worker, and not a drone, in the great hive of human activity. Like the boy, she must be taught to look forward to a life of self-dependence, and early prepare herself for some trade or profession.”
—Elizabeth Cady Stanton (1815–1902)
“I have no doubt that they lived pretty much the same sort of life in the Homeric age, for men have always thought more of eating than of fighting; then, as now, their minds ran chiefly on the “hot bread and sweet cakes;” and the fur and lumber trade is an old story to Asia and Europe.”
—Henry David Thoreau (1817–1862)
“The most conservative man in the world is the British Trade Unionist when you want to change him.”
—Ernest Bevin (1881–1951)