TEHRAN – Information and Communication Technology (ICT) Minister, Sattar Hashemi, and Venezuelan Minister of Electrical Energy, Jorge Eliser Marquez, have signed two memorandums of understanding on fostering information, communication, and technology collaborations.

The MOUs were signed during a meeting held on Friday, November 1, in Caracas. MOUs also included the provision of telecommunication tools and equipment, as well as manufacturing fiber optic cables, dolat.ir reported.

The Venezuelan official stated that Iran-Venezuela relations are strengthening day by day following the guidelines of the presidents of the two countries. 

“There are many possibilities for collaboration in telecommunications and energy,” Marquez noted.

Hashemi, for his part, pointed out that in addition to providing essential products and services, Iran, unlike other countries, is willing to transfer knowledge and technology to Venezuela.

The official went on to say Iran is interested in collaborating on joint productions overseas to enter the regional market in the ICT sector.

Hashemi highlighted that the establishment of the Iranian house of innovation and technology (iHiT) in Venezuela can play a significant role in promoting cooperation in human resources, and market expansion.

The cooperation of the two countries can solve many problems in the international arena, he noted.

On the same day, Hashemi held a meeting with Venezuelan Minister of Transportation Ramón Blázquez, who is also the head of the Joint Economic Committee Meeting of the Islamic Republic of Iran and Venezuela.

The official focused on opportunities for conducting joint activities. Highlighting Iran’s proficiency in Artificial Intelligence (AI), Hashemi voiced Iran’s readiness to share knowledge and expertise in the AI sector.

Referring to Iran’s capabilities in smart road management, Hashemi said implementing a smart road management system has helped reduce traffic congestion. Now, the country’s valuable experiences in the field can be shared with Venezuela.

Moreover, on the first day of visiting Caracas, the CEO of the National Post Company of Iran in a meeting with his Venezuelan counterpart, discussed and reviewed topics such as technical knowledge, specialized mailing equipment, the  Geocoded National Address File (GNAF), as well as the development of postal activities, Mehr news agency reported. 

To expand the postal partnership, the officials will draft an MOU to be signed in the upcoming Joint Economic Committee Meeting of the two countries.

MT/MG