In June 2015, Iran and Venezuela signed a series of agreements to “fund joint investments and improve the supply of goods,” with Maduro announcing “These are six agreements of major importance for the economy of our countries.” The countries agreed to jointly fund a research program in nanotechnology, and Maduro also stated that he secured goods “necessary for the Venezuelan people” such as drugs and surgical equipment. Iran's Minister of Industry, Mines and Trade reportedly stated the agreement was preliminary subject to review by Iran's finance ministry.