29 Mar 2024
Tuesday 31 May 2016 - 15:03
Story Code : 216341

European companies eye Iran market

European companies eye Iran market
Tehran, May 31, The Iran Project Although U.S. sanctions limit the ability of foreign subsidiaries to engage in Iran business, some European countries, like Portugal and Italy, eye to invest in Irans markets.

European countries are developing economic cooperation with Iran and Portugal in hope to have a good cooperation in the economic field with the Islamic Republic, said Portuguese Deputy Foreign MinisterJorge Costa Oliveira on Tuesday on the sidelines of the 23rd edition of Irans international exhibition of agricultural products, foodstuff, machineries, and related industries, known as Iran Agrofood 2016.

Visiting Isfahan's Governor GeneralRasoul Zargarpour, Jorge Costa Oliveira stated that Portuguese companies are highly motivated to invest in Iran, especially Isfahan province.

[caption id="attachment_216422" align="aligncenter" width="461"]The 23rd edition of Irans int'l exhibition of agricultural products, foodstuff, machineries, and related industries, known as Iran Agrofood 2016, opened at the Tehran International Permanent Fairgrounds on Tuesday. The 23rd edition of Irans int'l exhibition of agricultural products, foodstuff, machineries, and related industries, known as Iran Agrofood 2016, opened at the Tehran International Permanent Fairgrounds on Tuesday.[/caption]

Portuguese official referred to Iran-Portugal common areas for developing relations, expressing hope that their visit to Iran will be fruitful.

Pointing to Portugals great experience in tourism, he said, "we traveled to Isfahan to develop cooperation with the economic actors of the province, especially in the field of tourism."

Attending Iran Agrofood for the fourth time, Alberto Quintavalla, sales manager of Italys CFT Leaders Innovate also said given the removal of international sanctions against Iran, we are more hopeful this time to expand our activities in the country.

Alberto Quintavalla went on to say that Iranian President Hassan Rouhanis trip to Italy and several other European countries made us hopeful to the future of Irans market.

Despite the problems the two countries face for cooperating in various fields, like resuming the relationship between Iranian and European Banks which have been cut off due to the sanctions, we hope that the problems will be resolved in the near future.

Some 46 countries, including Jordan, Spain, Australia, Austria, Slovakia, South Africa, Britain, Italy, Germany, France, along with a number of Iranian companies took part in the three-day exhibition which is the largest and the most famous international food fair in the Middle East ever.
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