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Several memorandums have been signed by Venezuela and Iran that include agreements on agriculture, mining, petrochemistry, and transport, according to state-owned Venezolana de Televisión.

The two nations also signed new agreements on cooperation in technology and communications, education, culture, and science, according to VTV.

This comes after Iranian President Ebrahim Raisi kicked off his Latin America tour by meeting Venezuelan President Nicolas Maduro in Caracas. 

Raisi's trip comes after an official invitation by his Venezuelan counterpart Nicolas Maduro and is intended to boost political and economic relations between Iran and Venezuela.

The Iranian President will also visit Nicaragua and Cuba, who he described relations with as strategic, highlighting their opposition to an international system based on "unilateral hegemonic power."

"Our common position with these three countries is opposition to the [world’s] hegemonic system and unilateralism," he indicated, adding that Iran cooperates with those countries in numerous areas.

"Export of technical and engineering manpower is among our important cooperation areas," Raisi said, noting, "We also cooperate with Latin American countries in the fields of politics, energy, science and technology, medicine, and economy."

The Iranian President stressed that his tour is a pivotal point in developing Tehran’s ties with Venezuela, Nicaragua, and Cuba.

Iran and Venezuela both signed a 20-year partnership agreement last June to bolster bilateral cooperation in various fields during Venezuelan President Nicolas Maduro's visit to Tehran. 

In early February, Iranian Foreign Minister Hossein Amir-Abdollahian and Nicolas Maduro stressed the need to strengthen cooperation between the two countries.