Economy, Domestic Economy

Reps of 1,000 Italian Firms Due in Iran

Reps of 1,000 Italian Firms Due in IranReps of 1,000 Italian Firms Due in Iran

Representatives of 1,000 Italian companies are scheduled to visit Iran in the near future, according to the head of Iran-Italy Chamber of Commerce.  “The businesses will travel to Iran in three delegations. The first trade mission, including representatives of 300 prominent Italian companies, is due on November 29-30,” Mehr News Agency quoted Ahmad Pourfallah as saying on Saturday. The first delegation, headed by Italy’s Deputy Minister of Economic Development Carlo Calenda, will also feature representatives of Italy’s Ministry of Economic Development, Italian Institute for Foreign Trade, the European country’s industrial and banking unions and commerce chambers’ union.  Iran-Italy trade has fallen sharply from €7 billion to €1.5 billion in the past few years, due mostly to western sanction imposed on Iran over its nuclear energy program.