TEHRAN – The Trade Promotion Organization (TPO) of Iran and the Nigerian Export Promotion Council (NEPC) signed a memorandum of understanding to boost bilateral trade, the portal of TPO reported on Saturday.

The MOU was signed by Olusegun Awolowo, the head of NEPC, and Mojtaba Khosrotaj, the head of TPO, on the sidelines of Awolowo’s visit to Tehran heading a trade delegation.

Enhancing trade relations between the two countries’ private sectors through joint economic committee meetings, increasing investment and commercial transaction, and also exchanging trade delegations were among the subjects of the MOU.

Exchanging information and answering questions regarding the current laws, import and export regulations, and procedures related to foreign trade in both countries were also among the measures speculated to develop bilateral relations.

EF/MA