Iran's President Raisi strengthens ties with Venezuela during South America tour.
TL;DR
Iran and Venezuela signed a memorandum of understanding to expand cooperation in petrochemicals with a view to carrying out joint projects, building on their already-close cooperation in oil. The two countries want to increase bilateral trade to $20 billion, up from $3 billion. The governments provided no details of the petrochemical deal. The Caracas visit is the first stop on a Latin American tour by Iranian President Ebrahim Raisi, who will also travel to Cuba and Nicaragua.
Topics:worldinternational-trade#bilateral-trade#cooperation-deals#international-trade#iran#petrochemicals#venezuela
- Iran, Venezuela eye trade increase, sign petrochemical deal Reuters
- Iranian President Ebrahim Raisi's visit to Venezuela Al Jazeera English
- Venezuela's Maduro Receives Iran's President in Caracas | VOA News Voice of America
- Latin America’s tyrants open their arms to Iran The Hill
- Iran’s Ebrahim Raisi after ‘strategic’ ties in South America tour Al Jazeera English
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