(IP)- An Iranian government spokesman has echoed the approval of the economic cooperation bill between Iran and Indonesia on Wednesday.

Iran PressIran News: Speaking on the sidelines of the cabinet meeting, Ali Bahadori Jahromi added that the proposed bill by the Ministry of Economic Affairs and Finance, to cement Tehran-Jakarta economic cooperation, has been sent to the government.

Iran and Indonesia have a long history of economic cooperation dating back to the 1970s. The two countries have established a number of bilateral agreements and initiatives aimed at promoting trade, investment, and development. In recent years, there has been a renewed focus on strengthening economic ties between Tehran and Jakarta, with both countries seeking to diversify their trade partners and reduce their reliance on traditional trading partners.

In 2023, Iran and Indonesia signed a trade agreement called the Indonesia–Iran Preferential Trade Agreement (II-PTA). This agreement is expected to help increase trade between the two countries by reducing tariffs on a range of goods and services. In addition to trade, Iran and Indonesia are also cooperating on a number of other economic initiatives, including investment, tourism, and energy.


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