Ali-Akbar Mehrabian made the remarks during the 14th Tehran-Havana joint economic cooperation Commission in Havana.
Referring to the growing trend of mutual ties, Mehrabian was quoted by the Islamic republic news agency as saying that Iran is keen to expand its cooperation with Cuba.
Pointing to the capabilities of the Islamic Republic of Iran in the industrial and mines fields, Mehrabian said that Iran is willing to share its valuable experience in these fields with Cuba.
The minister said that Iranian private and public sector companies and organizations are ready to negotiate with the Cuban officials to develop cooperation on industry, trade, banking and biotechnology.
He termed the relations of the two countries as excellent and said that Iran is keen to expand bilateral cooperation.
Mehrabian heading a delegation left Tehran for Havana on Wednesday morning to take part in the 14th Tehran-Havana joint economic commission.
During his stay in Havana, several agreements will be inked between Iran and Cuba on economic and industrial cooperation.
The Iranian minister plans to hold separate meetings with top Cuban officials as well as a group of managers of Cuban firms.
The 14th Tehran-Havana joint economic commission will be co-chaired by the Iranian minister and the Cuban transport minister on November 5-7.