Algiers (IRNA) -- Visiting Iranian Defense Minister Rear Admiral Ali Shamkhani and Algerian Minister of Interior and Local Authorities Yazid Zerhoni signed a memorandum of understanding (MOU) on bilateral cooperation on Monday.
The MOU was signed at the end of three-day official visit of the Iranian minister to Algiers with the two sides underlining the need to continue exchange of delegations between Iran and Algeria.
Also Algerian Prime Minister Ahmed Ouyahia on Sunday in a meeting with Shamkhani praised the Iran-Algeria relations, calling for exploitation of both sides' potentials to implement the signed agreements.
Ouyahia referred to the Iran-Algeria Joint Economic Commission, saying that the commission should pave the way for consolidation of cooperation in line with both sides' interests.
Shamkhani, for his part, invited the Algerian state-run and private organizations to invest in Iran's economic projects.
He called on the two countries' officials to get familiar with military and technical capabilities of each other.
He pointed to Iran's high potentials in military and non-military fields, saying the proper ground is paved for materialization of both sides' political determination to bolster cooperation in joint defense activities.
Shamkhani said that the upcoming visit of Ouyahia to Iran will pave the way for consolidation of relations.
The Algerian prime minister is due to pay a visit to Iran at the invitation of Iran's First Vice-President Mohammad-Reza Aref.
During his stay in Algiers, Shamkhani also held talks with Algerian Parliamentary Speaker Abdel Kader Bin Salih on Sunday night.
During the meeting, the Algeria's speaker said that the Algerian legislative houses supported the development of Tehran-Algiers relations.
He expressed the firm determination of the Algerian parliament to pave the way for participation of Iran's private and government-run companies in Algeria's economic plans.
Shamkhani also said that a new development in international arena was inevitable, adding that defense cooperation in peace time in the frameworks of regional and extra-regional cooperation will contribute to achieving a collective pattern and to restoration of a permanent peace.
He said that enemies of the Islamic world had adopted double standard views towards the issue of terrorism.
Shamkhani, heading a high ranking delegation, arrived in Algeria on Saturday at the invitation of the country's President and Defense Minister, Abdelaziz Bouteflika, for a three-day official visit.