Irans minister of industry, mine and trade has invited German companies to increase their presence in the Islamic Republics market as international sanctions ease against Tehran.Mohammad Reza Nematzadeh made the statement in Berlin, where he is leading a high-ranking Iranian delegation at a gathering of Iranian and German companies.
In a meeting with German industrialists and economic managers on Wednesday, the Iranian minister recommended that German industries not miss out on the current opening for entry into the Iranian market.
Following the Geneva nuclear accord, European companies including French, Italian, Austrian and German ones have engaged in a tough competition for re-entry into the Iranian market, Nematzadeh said.
Iran and six world powers the US, France, Britain, China, Russia and Germany sealed an interim deal in Geneva on November 24, 2013 to pave the way for the full resolution of the dispute over the Islamic Republics nuclear energy program. The deal came into force on January 20.
Under the Geneva deal, dubbed the Geneva Joint Plan of Action, the six powers have undertaken to provide Iran with some sanctions relief in exchange for the Islamic Republic agreeing to limit certain aspects of its nuclear activities during six months.
Nematzadeh said Iran-Germany trade never fell below USD 3 billion even when Iran was under harsh economic sanctions.
He said the two countries can raise the volume of their trade exchanges to around eight billion euros in the coming years.
Germany is an important trade partner of Iran. The two countries have tried to expand their bilateral relations in recent years through reciprocal visits by officials from both sides.
By Press TV
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