Deputy President Cyril Ramaphosa concluded a successful three-day working visit to the Islamic Republic of Iran on Monday, 9 November 2015 where he led a high level government and trade delegation to consolidate bilateral political, economic and trade relations between the two countries.
Deputy President Ramaphosa’s visit took place following the signing of the Joint Comprehensive Programme of Action between Iran and the so-called P5+1 countries. This programme is expected to result in the withdrawal of sanctions imposed on Iran.
The visit by Deputy President Ramaphosa was preceded by a number of bilateral meetings at a ministerial level focusing on consolidating relations, collaboration in energy, agriculture, tourism, trade and water resource management.
During the visit, Deputy President Ramaphosa and his counterpart, First Vice-President Es’haq Jahangiri witnessed the signing of three agreements, namely:
- Memorandum of Understanding between MINTEK (South Africa), IMIDRO and the Iran Mineral Processing Research Centre (IMPRC) focusing on mineral processing;
- Memorandum of Understanding between Financial Intelligence Centre of South Africa and Financial Intelligence Unit of the Islamic Republic of Iran on Information Exchange Concerning Money Laundering and Terrorism Financing; and
- Memorandum of Understanding between Financial Services Board of South Africa and Securities and Exchange Organisation of Iran in Relation to Assistance and Mutual Co-operation in the Capital Markets Sector.