Economy, Auto

UK Carmakers Eying Iranian Market

UK Carmakers Eying Iranian Market UK Carmakers Eying Iranian Market

British carmakers are eager to start business in Iran, said the chairman of the British-Iranian Chamber of Commerce. Lord Lamont added that British carmakers, such as Jaguar, Land Rover and Bentley, are eager to establish business ties with Iran. Pointing to problems concerning Iran's banking system, the official noted that there are several areas that can be fixed, the local automotive news website Asre Khodro reported.  "Addressing the problems in the areas of banking and finance will undoubtedly result in further cooperation in other business areas," he said. Lamont added that he wishes the UK to resume trade with Iran and reestablish past business ties, stressing that exchanging technologies is a good idea.   The official met with Iran's Ministry of Industries, Mining and Trade Mohammad Reza Nematzadeh who noted that Iran is willing to expand ties and there are no restrictions from Iran's side.  Lamont noted that if British firms are willing to start cooperation with Iran, they must accelerate the pace of efforts.