Economic Cooperation Agreement Included Between Iran and Hungary

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Nourlaw.com- Tehran- 3 January 2017- The Official Gazette reported today that The Iranian parliament On 25 Aban 1395 (15 November 2016) passed The Law of Agreement on Economic Cooperation between The Government of the Islamic Republic of Iran and the Government of Hungary.
In Article 1 of the 9-article accord it is foreseen that the contracting parties shall cooperate in the following areas:
Development of Infrastructure; Transport and Related infrastructure and Logistics; Automobile Industry; Water Management; Protection of Environment and Natural Resources; Agriculture and Food Industries; Health Industry and Heath Care; Science and Technology; Research and Development; Tourism; Banking, Insurance and Financial and Credit Institutions; Investment and Financing the Economic Projects; SMEs.