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Iran, Germany to Revive Joint Economic Commission
Economy, Domestic Economy

Iran, Germany to Revive Joint Economic Commission

Iran-Germany Economic Commission will convene on May 2-4, after a 14-year gap, says Iran’s Ambassador to Germany Ali Majedi.  Sigmar Gabriel, Germany’s vice chancellor and minister of economic affairs and energy, and Ali Tayyebnia, Iran’s minister of economic affairs and finance, will co-chair the commission, which will also see the presence of major German companies, IRNA quoted Majedi as saying. Gabriel was one of the first world leaders to visit Iran after world powers clinched a historic nuclear deal in July to revive economic ties damaged by years of sanctions imposed on Iran. Bilateral trade currently amounts to $2.5 billion, which both countries are keen to quadruple by 2020, according to German Association for Small- and Medium-Sized Businesses BVMW.

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