Swiss Firm to Set Up Tea Factory
Economy, Domestic Economy

Swiss Firm to Set Up Tea Factory

A Swiss company has signed a contract with an Iranian firm to invest in Iran’s tea industry, said a member of the Association of Distribution Companies, without identifying the company.  “As stipulated in the contract, the Swiss party is responsible for expenses related to advertising, construction of the factory and the entire production process,” Javad Zahiri added. According to Zahiri, the contract was signed immediately after the lifting of sanctions against Iran on Jan. 16, when the International Atomic Energy Agency confirmed that Iran had limited the scope of its nuclear program, Mehr news Agency reported. Zahiri noted that Iran is the fourth biggest tea consumer in the world and 40 to 60 tons of tea are smuggled annually into the country.

Short URL : https://goo.gl/W2Z8B9
  1. https://goo.gl/LNUaVD
  • https://goo.gl/zoph25
  • https://goo.gl/7HsiA7
  • https://goo.gl/v1xKKv
  • https://goo.gl/Fls34c

You can also read ...

Alcatel’s Android Go Cellphone in the Offing
Two of the phones Alcatel revealed last month will be coming...
NASA Seeks Help to Check Satellites
NASA is asking all cloud gazers to snap photos of the sky and...
Iran has signed a contract with China Railway Group Limited in 2015 to build a 415-km (260-mile) high-speed north-south rail line between Tehran and Isfahan via Qom.
The Economy Ministry sold 2 trillion rials ($41.6 million) of...
Banque Delubac Ready to Service Iranian Businesses
Executives with Banque Delubac and Cie, an independent French...
Trade With Afghanistan Tops $2b
Iran and Afghanistan exchanged 5.32 million tons of non-oil...
$92m Worth of Gov’t Debts to Be Cleared in Swap Deal
The government has decided to clear over 4.45 trillion rials...
Iran-Lithuania Trade Falls 44% in 2017
Trade between Iran and Lithuania stood at more than €11.1...
Gov’t, Workers, Employers Deadlocked in Setting Minimum Wage
With only a day left for the Supreme Labor Council to set the...