Germany Willing to Revive Economic Ties with Iran: Official

News ID: 854670 Service: Economy
نیلز اشمید - وزیر اقتصاد ایالت بادن وورتمبرگ آلمان

TEHRAN (Tasnim) – The Minister of Finance and Economics of Germany’s Baden-Württemberg State said his country seeks to revive its economic relations with Iran.

“Germany and Iran can improve their long-time economic relations again,” Nils Schmid said in a meeting held to examine investment opportunities and trade ties between Iran’s central province of Isfahan and the State of Baden-Württemberg.

He further emphasized that chambers of commerce play an important role in promoting the economic relations between the two sides.

Schmid said the chamber of commerce of Baden-Württemberg, headquartered in Stuttgart, and the chamber of commerce of Isfahan can provide the grounds for closer cooperation between the two countries’ companies.

Back 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.

The meetings came against the backdrop 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.

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