S.African President Zuma in Iran to develop trade, political ties

DUBAI / JOHANNESBURG – South African President Jacob Zuma arrived in Iran on Sunday to strengthen political, trade and investment ties after crippling international sanctions against the Islamic Republic were lifted earlier this year, his office said.

South Africa is hoping to exploit a market hungry for investment as tens of billions of dollars worth of Iranian assets will now be unfrozen and global companies that have been barred from doing business there will benefit. Iranian media said the two countries signed eight agreements on cooporation in areas including trade, industries, investments, agriculture, water resources and oil industry research and development. No details of the accords were given. Iranian media also said the two countries called for strengthening intelligence cooperation in the fight against terrorism.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4795558,00.html

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