Economy, Auto

French, Iranian Associations Sign Auto Deal

French, Iranian Associations Sign Auto DealFrench, Iranian Associations Sign Auto Deal

Iran and France's auto parts manufacturers' associations have signed a memorandum of understanding regarding automotive collaborations.  

According to an Iranian board member of the Auto Parts Manufacturers' Association, the two entities have agreed to pick up cooperation where they had left off before western sanctions were intensified on Iran over its nuclear energy program, local industrial daily SMT reported. Mohammad Reza Najafimanesh added that the two sides will be forming an industrial and economic committee to share ideas and information on industrial achievements.

"The committee members will regularly hold meetings in France and Iran to explore possible development opportunities," he added.

A French delegation, comprising 130 companies and accompanied by the French ministers of foreign trade and agriculture, and agrifood and forestry, visited Iran last week. In a meeting with the French delegation, Iran's Minister of Industries, Mining and Trade Mohammad Reza Nematzadeh had said that it is important to produce and export auto parts under new brands.

Iran and France's joint automotive committee will promote development policies in regards with automakers to benefit both states' automaking industry. Setting up conferences centered on methods for improving the quality of automobiles and boosting automotive management are also on the agenda. The conferences will also focus on optimizing pricing and services as well as sharing skills and specialized know-how in the automotive sector.

The MoU states that the two sides will make an effort to further develop automotive collaboration and prepare the grounds for auto parts manufacturers to be able to target foreign markets.