TEHRAN - Mojtaba Faghihi, Iran’s ambassador to Burkina Faso, recently engaged in discussions with Abubakar Nakanabo, the Minister of Economy and Finance of Burkina Faso, focusing on enhancing bilateral economic, technical, and commercial collaboration between their nations.

The two officials met on Wednesday to explore the ministry of economy and finance's role in facilitating industrial projects and bilateral transactions, including the provision of government guarantees when necessary. 

Following the establishment of the first joint commission for economic, industrial, and cultural cooperation two years ago, Iran and Burkina Faso signed nine cooperation agreements, laying a solid foundation for advancing their bilateral relations. 

There is a growing understanding between government enterprises and private sector entrepreneurs from both countries, which, if banking obstacles are addressed, could lead to a substantial increase in the export of Iran's technical and engineering products and services to Burkina Faso.

Iran and Burkina Faso maintain friendly bilateral relations, characterized by diplomatic representation and cooperation in various sectors. Both countries have embassies in each other's capitals, Tehran and Ouagadougou, facilitating communication and diplomatic exchanges.