TEHRAN – Czech Foreign Minister Lubomir Zaoralek says his country is eager to boost trade with Iran.

Leading a 60-member delegation, comprised of managers of 48 Czech companies, to Tehran, Zaoralek said the Czech Republic is working on drafting a memorandum of understanding with Iran to facilitate the bilateral trade.

Zaoralek made the remarks in a meeting with the chairman of Iranian Chamber of Commerce, Industries, Mines, and Agriculture, Mohsen Jalalpour, in Tehran on Sunday.

Managers of Czech companies active in the fields of cargo aircrafts, tourism, medicine, transportation, oil and gas exploration, mining, power plants, and vehicles discussed ways with Iranian officials to boost bilateral trade. 

Iran will dispatch a trade delegation to Prague in spring 2016, Zaoralek said.

The bilateral trade amounted to $24 million last year. The two countries’ mutual trade traditionally focused on industry, infrastructure, oil, energy, crystal products, and textile.  

In May, Iran and the Czech Republic signed a double taxation avoidance agreement in a bid to give a boost to the bilateral trade.