Iran-Algeria-Commission
The third session of Iran-Algeria joint economic commission wound up Monday afternoon with an agreement being signed by the two countries.

The agreement was inked by Iran's Minister of Housing and Urban Development Mohammad Saeed-Kia and Algerian Minister of Higher Education and Scientific Research Rachid Harraoubia in the presence of two countries' ambassadors.

Iran and Algeria also signed two agreements in principles on setting up cement and wagon factories in Algeria.

In addition, the two sides' officials were determined to set up a committee to follow up implementation of agreements signed by the two countries.

Addressing the closing ceremony of the third session of Iran-Algeria joint economic commission, Saeedi-Kia said that such meetings would provide a good opportunity for two countries to review their economic cooperation.

He added that two sides have prepared several memoranda of understanding that will be inked during a visit to Iran of Algerian President Abdelaziz Bouteflika.

The Iranian minister also stressed the need for further cooperation between both private and state sectors of the two countries in order to carry out Tehran-Algiers agreements.

The Algerian minister, for his part, said that his country is committed to implement the mutually-reached agreements.

The Iranian minster of housing and urban development, heading a high-ranking economic delegation, arrived in Algeria on Saturday to attend the third session of Iran-Algeria joint economic commission.

During his three-day visit, he held talks with the Algerian president, prime minister, minister of education and a number of other officials.