Larijani also said the visit to Tehran by the South African parliament speaker will help expand bilateral relationship.
Larijani made the remarks during a joint press conference with South African National Assembly Speaker Baleka Mbete in Tehran. She invited Larijani to visit South Africa.
Iran, the second largest economy in the Middle East and North Africa region, has announced its willingness to join the group and enjoys friendly relations with all of its members. He also highlighted that the cooperatives are active in more than 120 fields of agriculture which makes the sector attractive for investment.
Ali Larijani later stressed that Iran could make investments in South Africa, especially in the field of electricity generation while it would welcome the other side in the Iranian oil, gas and petrochemicals industries.
Rouhani also said, "Iran and South Africa can make valuable efforts in line with serving worldwide peace and stability and the interests of the developing countries through cooperation at global stage".
Before meeting Larijani, Mbete sat down for talks with the recently reelected Rouhani.
He later appreciated the stance taken by South Africa on defending rights of the people of Palestine.
During the Zuma trip, the second South African state visit to Iran after Mandela came in 1999, the two countries signed eight cooperation agreements.
Rouhani said his government is looking forward to consolidating bonds of friendship with South Africa.
The Iranian parliament speaker also insisted on the need for cooperation between Tehran and Pretoria in the campaign against terrorism.
Mbete said her country is keen on enhancing relations with Tehran, with which it shares views on many worldwide issues.
Mbete also called for closer cooperation with Iran at global level to boost peace and friendship in the world.
"Developing trade relations with 7 countries is on the top of the agenda, considering that the representatives of Brazil, India, Russia, Bosnia and Herzegovina, Turkey, Malaysia, and South Korea are present at Iran's Chamber of Cooperatives", reassured the Iranian official.
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