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German businessmen visit Iran for investment

27 April 2015 [16:04] - TODAY.AZ

/By AzerNews/

By Sara Rajabova

Following a framework agreement between the world powers and Iran, foreign businessmen have been engaged in talks with the Islamic Republic ahead of potential investments in the country.

A group of German businessmen visited Iran for a second time in recent months to explore opportunities for investment amid hopes sanctions will soon be lifted, Press TV reported.

A group of delegates, led by Volker Treier, the deputy CEO of the Association of German Chambers of Commerce and Industry, met with senior Iranian officials in Tehran on April 26.

Treier said Germany will continue to explore business opportunities in Iran regardless of the outcome of Iran’s nuclear talks with global powers.

He also expressed hope that Iran and six world powers would reach a permanent agreement for the removal of sanctions.

Gholam-Hossein Shafe’i, chairman of Iran Chamber of Commerce, for his part said German companies are willing to invest in the renovation of Iran’s industries.

He said Iran and Germany have moved ahead with their economic cooperation despite restrictions imposed in recent years.

Shafe’i, however, expressed regrets that the sanctions cut Iran-Germany transactions by half, to $3 billion.

He said Germany can be a reliable partner for Iran’s saffron, carpet and dried fruits export to Europe.

Earlier, Iranian petroleum ministry official said companies from Germany, the Netherlands and Italy are already in talks with Iran and seek to re-invest in the Iranian market, should all anti-Iran sanctions leveled against the country over its nuclear program be lifted.

Iran and the group P5+1 are currently negotiating a comprehensive agreement on the Islamic Republic’s nuclear program. To be reached by July 1, a prospective agreement would remove international sanctions on Iran.

The U.S. and EU imposed sanctions on Iran's oil and financial sectors at the beginning of 2012 due to claims of potential deviations toward non-civilian purposes in Iran's nuclear energy program. Iran has repeatedly denied Western allegations against its nuclear energy program.

Sanctions are aimed to prevent other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran. At the end of 2012, EU foreign ministers reached an agreement on another round of sanctions against Iran.

URL: http://www.today.az/news/regions/140203.html

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