"Iran’s Rise Investment and Strategy Extension Company (RISECO) and France’s Mecaplast Group signed a joint venture deal on manufacturing auto parts, IRNA reported on Friday. The deal, which was signed by Rise Holding Group’s Chairman of the Board Hamidreza Samadi and Mecaplast’s CEO Pier Boulet in Paris, focuses on production of automotive engine and decorative parts. As Samadi informed, according to the penned deal, 30 percent of the jointly manufactured products will be exported. The signing ceremony was also attended by Iran’s Ambassador to Paris Ali Ahani." ( Tehran Times, "Iranian, French Auto Part Companies Sign Joint-Venture Deal," 2/24/2017).