The Managing-Director of Iran's Ports and Maritime Organization (PMO), Seyed Ataollah Sadr, announced on Sunday that Iran and Iraq have reached an agreement on launching a joint shipping line.
Speaking to the Iranian Fars News Agency, Sadr said the move will provide the groundwork for private companies from both countries' to set up a joint company to increase their cooperation.
"Iran can have desirable cooperation in maritime and port fields with the friendly and brotherly country of Iraq," he added.
Sadr also expressed the hope that Tehran and Baghdad would activate a joint committee in the near future for maritime cooperation, following the signing of a number of bilateral agreements during Iraqi Transportation Minister Hadi Farhan al-Amiri's recent visit to Iran.
During the visit, the Iranian and Iraqi officials also agreed to establish joint companies to facilitate transportation of goods and passengers between the two countries.
(Sources: FARS, Tehran Times)