Iran, South Korea sign 19 agreements
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President Hassan Rouhani and his visiting South Korean counterpart Park Geun-hye.
Iran and South Korea on Monday signed 19 basic agreements to expand mutual cooperation over a variety of areas.
According to Press TV, the visiting South Korean President Park Geun-hye and President Hassan Rouhani oversaw the signing of the agreements by the related ministers from both sides.
They covered areas such as energy, transportation, water resources, ports, science and education, health, insurance, banking and customs.
A series of other documents are also expected to be signed between the private sector enterprises from both sides.
Earlier in the day, President Rouhani emphasized that Iran and South Korea are set to boost their trade volume from the current $6 billion to $18 billion.
President Park in response emphasized that Seoul is determined to expand ties with Iran in industrial, trade and cultural sectors.
South Korea has been a major importer of Iran’s crude oil. On Sunday, Minister of Petroleum Bijan Zangeneh said Iran's oil exports to South Korea have more than quadrupled to 400,000 barrels a day since sanctions were lifted in January.
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