Iran ready to boost economic and trade ties with Germany
Trade exchanges reached just under $3 billion between Iran and Germany in 2013 (File/AFP)
Click here to add Berlin as an alert
Disable alert for Berlin,
Click here to add Geneva as an alert
Disable alert for Geneva,
Click here to add Iranian administration as an alert
Disable alert for Iranian administration,
Click here to add Lafarge as an alert
Disable alert for Lafarge,
Click here to add Munich as an alert
Disable alert for Munich,
Click here to add Peugeot as an alert
Disable alert for Peugeot,
Click here to add Stephanie Spinner-Konig as an alert
Disable alert for Stephanie Spinner-Konig,
Click here to add Tehran as an alert
Disable alert for Tehran,
Click here to add Total as an alert
Disable alert for Total,
Click here to add Trade Promotion Organization of Iran as an alert
Disable alert for Trade Promotion Organizati ...,
Click here to add UN Security Council as an alert
Disable alert for UN Security Council
The director of the Trade Promotion Organization of Iran has expressed the Islamic Republic’s readiness to enhance economic and trade ties with Germany.
During a Monday meeting with a visiting German trade delegation, Valiollah Afkhami-Rad said Iran is ready to increase trade transactions with Germany to $7 billion annually.
The volume of trade exchanges between Iran and Germany reached $2.7 billion in 2013, he said.
Afkhami-Rad said that the policy of the current Iranian administration is geared to remove tensions in international relations, and hoped that Tehran’s new approach would lead to an increase in the volume of bilateral transactions between Tehran and Berlin.
Deputy Head of Chamber of Industry and Commerce for Munich and Upper Bavaria Stephanie Spinner-Konig, for her part, expressed the German private sector’s readiness to expand bilateral ties with Iran.
Recently, the Islamic Republic has received several trade delegations from different European countries following the easing of sanctions against the country in light of the implementation of an interim nuclear deal Tehran clinched with six world powers.
Iran and the five permanent members of the UN Security Council - Russia, China, the US, France, Britain - plus Germany inked the nuclear accord in the Swiss city of Geneva on November 24, 2013. The two sides started implementing the agreement on January 20.
Under the Geneva deal, the six countries undertook to provide Iran with some sanctions relief in exchange for the Islamic Republic agreeing to limit certain aspects of its nuclear activities.
Following the implementation of the Geneva deal, a 116-strong French delegation made up of representatives from major multinational companies such as Total, Lafarge and Peugeot, traveled to Iran for commercial opportunities. Several other countries have also dispatched business delegations to Iran over the past months.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?