Iran Heads for Conclusion of Mutual Investment Agreement with Mongolia

Back

Nourlaw.com- 13 October 2018- Tehran-According to the notice published in the Official Gazette today, the Council of Ministers in their session of 11/07/1397 (03 October 2018), upon the proposal of the Ministry of Economic Affairs and Finance and in line with the implementation of Article 2 of the by-law concerning the drafting and concluding of international agreements of 1371 (1992), approved: The Ministry of Economic Affairs and Finance through coordination with the Legal Affairs Vice-Presidency (International Agreements Affairs) and the Ministry of Foreign Affairs, is permitted to conduct negotiations, initialize and provisionally sign the agreement on mutual promotion and protection of investment between the State of the Islamic Republic of Iran and the State of Mongolia and follow the legal steps up to the final approval.
The Decree adds that the signatory official of the agreement on the side of the State of the Islamic Republic of Iran should not have an official ranking higher than the signatory official of the other party.