According to Tasnim news agency, addressing an economic meeting in Iran’s northern city of Rasht on Wednesday, Mohammad Beheshti Monfared called on Iranian merchants and business people not to lose the opportunity to work on some 300 projects that the Ukrainian government is handing over to the private sector, ParsNews reports.

Making a reference to Ukraine's advanced agricultural machinery, fertile soil, high precipitation levels and low-cost labor, the ambassador highlighted the good grounds for extraterritorial agriculture in Europe’s second largest country with a population of 46 million people.

Read alsoIran to mull feasibility of oil transit via UkraineBeheshti also said local industries in Iran's Province of Gilan can begin marketing programs to sell pharmaceutical products in Ukraine.

In March 2016, Tehran and Kyiv inked a Memorandum of Understating (MoU) for the expansion of economic cooperation in various fields.

Later in May that year, Iran's Foreign Minister Mohammad Javad Zarif said there are good opportunities for closer trade interaction between Iranian and Ukrainian companies in a broad range of fields, including higher education, scientific and technological issues, energy, power plant equipment, renewable energies, agriculture, cultural programs and tourism.