The Islamic Republic of Iran plans to establish a new economic order in the world in coordination with the other Muslim nations in a bid to pave the way for the progress and advancement of the Islamic countries," Rahimi said, addressing the Iran-Iraq Friendship society here in Tehran on Monday.
He stated that Tehran's goal in forming an international union is opposite to the objectives normally pursued by the western countries, and said, "Westerners embark on forming unions to loot the other nations."
"We hope for the day when all the Islamic countries become able to form the Union of the Muslim World and display their eye-catching advancements to the world," the Iranian official continued.
Elsewhere, Rahimi underlined the close ties between Iran and Iraq, and voiced Tehran's preparedness to transfer technology and make investments in its western neighbor.
"We hope that our joint cooperation and bilateral economic ties increase soon," Rahimi added.
He also underlined the necessity of further meetings between the two countries' border provinces, reminding that the measure would pave "the way for further cooperation between the two countries".