By NNN-IRNA
Tehran : The Commerce Ministers of Iran and Morocco have signed five memorandums of understanding on bilateral economic and trade cooperation.
The documents were signed Tuesday by Massoud Mir-Kazemi of Iran and the Moroccan Minister of Foreign Trade Abdul Latif Mazouz at the end of the 5th session of the Iran-Morocco joint trade and economic commission which started here on Saturday.
Iran is the second supplier of oil to Morocco.
The two ministers also signed four agreements on Tehran-Rabat cooperation in the fields of shipping, customs duties, tourism and industrial activities.
Iran and Morocco experienced a growing trade relations during the past couple of years. Latest figures show that the volume of the two countries non-oil trade exchanges stood at more than USD 14 million in the first three quarters of the current Iranian calendar year (stared March 21, 2007).