German trade delegations to visit Iran next month

TEHRAN (FNA)- Two delegations of German traders are due in Tehran in coming weeks to meet their Iranian counterparts on energy and economic cooperation, Deputy Oil Minister for International Relations and Trade Amir-Hossein Zamani-Nia said.

“The delegations from two German states will visit Iran to introduce their industrial capabilities,” he told Shana on the sidelines of the visit by Minister of Finance and Economics of Germany’s Baden-Wurttemberg state Nils Schmid who is heading a 68-member team of officials and corporate representatives, shana reported.

The firms from Baden-Wurttemberg state are specialized in machinery and equipment manufacturing, he added, “It was agreed that they will be introduced to Domestic Industries Protection authorities in the ministry for cooperation in production of 10 essential equipments.”

According to the official, fuel consumption optimization and German firms’ partnership with Iranian side for equipment manufacturing were on the agenda of the talks between Petroleum Minister Bijan Zangeneh and Schmid.

Following the talks, Zangeneh urged German companies to take the opportunity and enter into negotiations with Iranian counterparts prior to the lifting of sanctions so that contracts can be signed immediately after their relaxation.

The delegation headed by Schmid is the second German team to visit Tehran in the wake of the nuclear agreement reached between Iran and the P5+1 group of world powers last July.

Germany was the first Western country to dispatch a high-ranking political and trade delegation to Iran. Vice chancellor and Minister for Economic Affairs and Energy Sigmar Gabriel led German officials and corporate managers during a business visit to Tehran shortly after the deal.

During Gabriel’s visit, Iranian and German officials negotiated on economizing water and energy consumption, improving efficiency in the existing power plants, building new power plants, constructing renewable energy power plants and the issue of new energies.

German Ambassador to Tehran Michael Freiherr von Ungern-Sternberg has said German companies are keen to boost links with Iran and directly invest in the Islamic Republic.

By Fars News Agency