Economy, Domestic Economy

Luxembourg: Bridge Between Iran, EU

Luxembourg: Bridge Between Iran, EU Luxembourg: Bridge Between Iran, EU

At a meeting held in Tehran on Tuesday, chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafei and director of International Affairs at Luxembourg Chamber of Commerce Jeannot Erpelding emphasized the role of both countries’ chambers of commerce in expanding economic cooperation through exchanging trade delegations and holding conferences and seminars.

“The small but developed country of Luxembourg can link Iran to the European Union countries. Furthermore, Iran can serve as a gateway for Luxembourg to the Persian Gulf market as well as Central Asia and the Caucasus regions,” said Shafei at the meeting, which was also attended by the Belgian Ambassador to Iran François Delhaye, IRNA reported.

“A potential nuclear agreement between Iran and six world powers, and the Iranian government’s approach toward boosting foreign relations, herald a bright future for trade with European nations,” said the Iranian official.

Erpelding, who was heading a 40-member delegation, said the visit to Iran was aimed at exploring new investment opportunities and boosting economic cooperation, especially through small- and medium-sized enterprises.

“Iranian traders must be encouraged to do business with their European counterparts and build mutual trust,” he added.

Highlighting the pivotal role of both countries in their respective regions, Erpelding cited banking services, steel industry, transportation, information technology and direct flights between the two countries as key areas of focus once the western sanctions (imposed against Iran over its nuclear energy program) are lifted.