Tuesday Dec 20, 201106:32 PM GMT
Bolivian president arrives in Tehran
Mon Oct 25, 2010 12:13AM
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Bolivian President Evo Morales (L) met with Iranian Minister of Industries and Mines Ali Akbar Mehrabian upon his arrival.
Bolivian President Evo Morales has arrived in Tehran for a three-day state visit, with the goal of strengthening bilateral ties and seeking more Iranian investment in the South American country.

Morales was welcomed by Iranian Minister of Industries and Mines Ali Akbar Mehrabian upon his arrival at Tehran's Mehrabad Airport on Sunday night.

The Bolivian president is scheduled to hold meetings with President Mahmoud Ahmadinejad and other senior Iranian officials.

He intends to encourage Iran to establish a stronger presence in Bolivia and plans to sign cooperation agreements on a number of issues, including the transfer of Iranian technology to the South American nation.

"We are traveling to Iran to expand ties, promote investments, and further enhance cooperation," Morales said before leaving La Paz for Tehran.

He also stated that Iran and Bolivia "enjoy deep friendly relations," adding that both countries are keen "to expand ties in various fields, including agriculture, trade, and industry."

This is Morales' second visit to Iran over the past two years.

The two countries will be discussing the details of a plan for $287 million in Iranian investment in Bolivia.

Less than two months ago, Tehran extended La Paz a credit line of about $287 million as development aid, particularly for mineral exploration and the textile industry.

Tehran and La Paz are also expected to sign agreements on cooperation in cement production, industrial machinery, and food industry projects.

In 2007, President Ahmadinejad became the first Iranian chief executive to visit Bolivia. During the trip, the two countries signed an agreement on conducting joint projects worth $1.1 billion over the next five years.

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