Iran's Minister of Finance Shamseddin Hosseini said on Monday that Iran and Eritrea should upgrade cooperation which is currently at low level. At the joint press conference with his Eritrean counterpart Berhane Abrehe, Hosseini said that the two sides should pave the way for further cooperation. Iran and Eritrea are determined to broaden their relations that would be in proportionate with their potentials, Hosseini said on the sidelines of a meeting in which the two sides signed an agreement on supporting and encouraging the foreign investment. Iranian finance minister hoped that Tehran-Asmara cooperation would be strengthened in light of the potentials, according to a report of the Iranian news agency "IRNA". Iran's Export Development Bank is well-prepared to make arrangements for credit line to support economic cooperation, he added. Hosseini said that Iran and Eritrea will initially develop cooperation in wheat, agriculture, oil and cement fields. The two sides aim at enhancing cooperation in the two countries' private sectors, Hosseini noted.
