Italian Ministers Due in Iran Tuesday

TEHRAN (Tasnim) – Italy's Minister of Foreign Affairs Paolo Gentiloni and Minister of Economic Development Federica Guidi will arrive in Iran on an official visit tomorrow.

Italian Ministers Due in Iran Tuesday

During their two-day trip, Gentiloni and Guidi will meet with a number of Iranian officials including Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh, according to a Shatanews report.

They will be accompanied by a high-ranking delegation of Italian economic activists and representatives of various Italian firms interested in making investments in Iran.

Managers and representatives of Fiat Chrysler Automobiles, Italian Exhibition and Trade Fair Association, General Confederation of Italian Industry, companies working in the field of electricity, highway construction, and road-building are among the delegation members.

Senior managers of SACE (state-run credit insurance company), reputable banks, car manufacturing companies, ENI oil company, and other firms working in the fields of medicine, water, power, energy, oil, gas, and petro-chemistry will also be part of the delegation.

Italy used to be a major economic partner of Iran, and is now trying to regain its position in the Iranian economy.

The visit will come as part of a new wave of renewed interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program.

The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.

Experts believe that Iran's economic growth would rise remarkably after the final nuclear deal takes effect.

Earlier in July, German Vice-Chancellor and Minister for Economic Affairs and Energy Sigmar Gabriel at the head of a high-ranking trade delegation including the representatives of 20 German economic giants visited Iran and held meetings with senior Iranian officials.

French Foreign Minister Laurent Fabius also made a visit to Tehran on Wednesday and held meetings with a number of Iranian officials including President Hassan Rouhani.

Three Spanish ministers of trade, energy and tourism, along with a 40-strong trade delegation, are also scheduled to visit Iran in the near future.

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