Iran, Italy Confer on Expansion of Economic Cooperation
TEHRAN (Tasnim) – Iran’s Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh met with a large Italian trade delegation in Tehran Saturday, examining grounds for enhanced relations between the two countries.
During the meeting attended by Nematzadeh and the 370-strong Italian delegation, the Iranian minister called on the Italian side to analyze Iran’s competitive advantages in industry, trade, and mine.
The level of bilateral trade ties can be promoted by examining the available fields of cooperation, opportunities, and capabilities of the two countries, Nematzadeh noted.
He stressed the need for development of exports, focusing on competitive advantages, integration of production-consumption chain, focusing on industrial design, exchange of technical and engineering knowledge and knowhow, and investment on small and medium businesses.
During the meeting, the two sides also discussed the advantages, capabilities, and grounds for cooperation in the fields of auto-manufacturing, furniture, pharmacy, medical equipment, stone cutting, industrial design, leather, and plastic industries.
The Italian economic delegation, including 370 industrialists and 12 banking groups, arrived in the Iranian capital earlier on Saturday.
Italian Trade Commission, Italian Banking Association, the country’s Chambers of Commerce, and General Confederation of Italian Industry have sponsored the huge delegation’s visit to Tehran.
It is headed by Italian deputy minister of economic development, and includes representatives of over 250 Italian companies and banks.
The majority of them are active in the fields of environment, renewable energies, mechanics, medicine, auto-manufacturing, and building materials.
The visit comes 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 energy program.
The comprehensive nuclear deal 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.
