Iran and Algeria agreed to set up a joint trade council aiming to develop the two-way trade and investment, IRNA news agency reported on Sunday. The agreement was made in a meeting in Algeria between Iranian ambassador to Algeria Mahmoud Mohammadi and Algerian Chamber of Commerce Chairman Taher Ghalil. In the meeting, Mohammadi said the current 30 million dollars bilateral trade between the two countries is very less than the two countries’ potentials. He emphasized on increasing the bilateral ties between Iran and Algeria