24 August 2012 - 11:47

Minister of Industry, Mines and Trade Mehdi Ghazanfari said on Wednesday that Non-Aligned Movement Summit will provide an opportunity to thwart Washington's isolation bid.

(Ahlul Bayt News Agency) - Talking to reporters on the sidelines of cabinet session, he added that the event to be attended by a large number of Leaders of NAM member states will make the sanctions ineffective.

He said that the ministry is ready to prepare the ground for the delegates to visit the country’s industrial centers such Iran Khodro Company.

NAM is a group of states considering themselves not aligned formally with or against any major power blocs. As of 2012, the movement had 120 member states and 21 observer nations.

The organization was founded in Belgrade in 1961, and was largely the brainchild of Yugoslavia's president, Josip Broz Tito, India's first prime minister, Jawaharlal Nehru, Egypt's second president, Gamal Abdel Nasser, Ghana's first president Kwame Nkrumah, and Indonesia's first president, Sukarno.

All five leaders were prominent advocates of a middle course for states in the Developing World between the Western and Eastern blocs in the Cold War.

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