Germany’s North Rhine-Westphalia Delegation in Tehran
Economy, Domestic Economy

Germany’s North Rhine-Westphalia Delegation in Tehran

A commercial delegation from Germany’s North Rhine-Westphalia, headed by the state’s Minister of Economic Affairs, Energy and Industry Garrelt Duin, arrived in Tehran on Tuesday.A commercial delegation from Germany’s North Rhine-Westphalia, headed by the state’s Minister
The Germans plan to discuss ways of enhancing bilateral cooperation and joint investments with Iranian economic players and business owners, Tehran Chamber of Commerce, Industries, Mines and Agriculture’s news portal reported.
“Representatives of 60 companies and economic firms accompanying the delegation are eager to invest in Iran’s industries. During the visit, they will explore opportunities to finance projects in the country,” Duin said.
He noted that banking issues pose the main obstacle to economic interactions and their removal is being seriously discussed.
Masoud Khansari, head of TCCIMA, said lack of sufficient capital for carrying out projects is a challenge enterprises face in the country and German companies can assist Iranian economic players in this respect.
He added that between 2002 and 2006, close to 32% of all foreign investment in Iran were made by German companies. “Among subjects of mutual interest are joint investments in the fields of automotive, steel, water and sewage, pharmaceuticals, chemicals, renewable energies and tourism,” he said.
Trade between Iran and Germany in 2005 and up to the imposition of western sanctions against Iran over its nuclear program amounted to some €4.4 billion, with NRW, the country’s most populous state, accounting for a quarter of the sum.

Short URL : http://goo.gl/asEJXI
  1. http://goo.gl/P9R9R4
  • http://goo.gl/KkQYQu
  • http://goo.gl/ChYw2N
  • http://goo.gl/yifwPm
  • http://goo.gl/huLYGI

You can also read ...

Italy's Ansaldo Set to Produce Power From Iran's South Pars Gas Flares
Italy's Ansaldo Energia signed a memorandum of understanding...
Fate of Cryptocurrency in Iran Hangs in Balance
Virtual currencies are slowly but steadily gaining traction...
IRISL Returns to the Fold of Int’l Shipping Giants
The Islamic Republic of Iran Shipping Lines plans to replace...
1st Currency ETF  in the Pipeline
The Iranian capital market’s first foreign currency exchange-...
Dairy Exports to Hit $1b
Iran is one of the top milk producers and has ambitious plans...
Money and Credit Council Approves Liquidity Risk Management Rules
Money and Credit Council, a top financial decision-making body...
84% Rise in Rice Imports
More than 1.05 million tons of semi and wholly milled rice...
Iran Insurance Growth at 20%
The collective figure of Iranian insurance companies’ premiums...