Iran, Kazakhstan establish joint shipping company

Iran and Kazakhstan have set up a joint shipping company, aiming  to boost their bilateral trade, according to the director of Islamic Republic of Iran Shipping Lines (IRISL) Mohammad Saeedi, as quoted by Tasnim news agency.

As he informed, the shipping company will connect Central Asia to southern Iran and the centre of the firm will be the Iranian port city of Bandar Anzali. A representative office will be also established in the Kazakh port city of Aktau.

The respective agreement was signed on 12 April 2016, in Tehran, in the presence of the countries’ presidents.

At the time, Iran’s President, Hassan Rouhani, received his Kazakh counterpart Nursultan Nazarbayev in the Iranian capital, where the two oversaw the signing of 66 documents, worth two billion dollars, for cooperation in the public and private sector.