Iran and Bangladesh agreed to further increase their economic ties as the two countries' fifth joint economic commission meeting wrapped up in Dhaka on Friday.
Iran and Bangladesh signed an economic cooperation agreement in a special ceremony in Dhaka on Friday morning.
The ceremony was held on the sidelines of the two countries' economic commission meeting and was attended by Iran's Minister of Industry, Mines and Trade Mehdi Qazanfari and Bangladeshi Finance Minister Abul Maal Abdul Muhith.
Opened on Thursday, the joint economic commission meeting wrapped up in Dhaka on Friday.
During the meeting, Qazanfari said the two sides can bring the value of their annual trade to $500mln.
He expressed the hope that holding such a session could play a pivotal role in expansion of economic and trade ties between the two countries.