Iranian, German Private Sectors Seeking to Revive Business Ties

Iranian, German Private Sectors Seeking to Revive Business Ties




TEHRAN (Tasnim) – A trade delegation from Iran’s private sector held a meeting with representatives of major German companies, exploring avenues for a boost to bilateral trade following the implementation of a lasting nuclear deal between Tehran and world powers.

The delegation from Iran Chamber of Commerce, Industries and Mines, led by the chamber’s deputy head Pedram Soltani, had a meeting with German business people at the European country’s Chamber of Commerce and Industry in Berlin to find ways for enhanced economic and trade ties.

Stressing the need for the establishment of a “network” to develop links between the Iranian and German small and medium companies, Soltani called for more reciprocal visits by the two counties’ economic and industrial teams.

The Iranian official pointed to oil, gas and petrochemical industries, tourism, transportation, food industry, agriculture, banking, water management, mining industry and telecommunication as some of the fields for cooperation and joint investment.

Elsewhere in the gathering, Siegfried Russwurm, member of the managing board of Siemens AG, hailed the coming into force of the Joint Comprehensive Plan of Action (JCPOA), a final nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).

He said the new era has opened a new chapter for Iran and Germany’s business people to promote cooperation.

Russwurm also noted that Germany is in competition with other countries for a share of investment in Iran.

There has been growing enthusiasm for closer ties with Iran after implementation of the nuclear accord, which took effect on January 16.

The deal has terminated all nuclear-related sanctions on Iran, reopened the doors of foreign investment to the country’s market, and prepared the ground for a much-anticipated economic boom.

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