Economy, Domestic Economy

German Business Mission to Visit Early Feb.

German Business Mission to Visit Early Feb.German Business Mission to Visit Early Feb.

A 12-member business delegation from Germany is planning to visit Iran on February 5-8 to seek cooperation opportunities, the management consultant and organizer of the business trip said.

“We will be in Tehran on February 5-6 and in Tabriz on February 6-8. The companies are from different business fields, mostly chemistry, electrical engineering, mechanical engineering and consulting,” Davoud Nazirizadeh added.

According to Nazirizadeh, a German deputy economic minister will accompany the delegation.

“There will be meetings with Iran and Tabriz chambers of commerce and with different ministries in the areas of renewable energy and innovation,” he said.

“Most of the companies want to have a first impression on Iran’s business. Some of them want to open a branch, or hire some staff in Iran.”

Germany was Iran’s biggest trade partner prior to 2012 when heavy sanctions cut Iran off from the world business scene.

The country remained fifth top goods exporter to Iran during the first eight months of the current fiscal year (March 20-Nov. 20, 2016) with $1.461 billion worth of exports.

German exports to Iran increased by 25% in the eight-month period compared with the same period of a year earlier. Sanctions on Iran were removed in January 2016.


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