Resolution of Banking Problems Key to Expansion of Iran-Germany Ties: Official

TEHRAN (Tasnim) – The chairman of Iran-Germany joint chamber of commerce highlighted the banking problems hampering the Islamic Republic’s foreign trade, saying that their resolution is key to expansion of relations between the two countries.

Resolution of Banking Problems Key to Expansion of Iran-Germany Ties: Official

“With the removal of banking problems, Iranian and German companies can have useful talks with each other and develop their ties,” Gholam Hossein Shafe’ei said in a meeting of Iran-Germany Joint Economic Commission in Tehran on Monday.

He further hailed economic relations between Tehran and Berlin as “historical”, noting, however, that the relations have had some ups and downs.

The Iranian official also pointed to an ongoing visit to Iran by a high-ranking German delegation headed by Economy Minister Sigmar Gabriel, saying that the trip paves the way for closer relations between the two countries.

The remarks come against the backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14, 2015 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear program and started implementing it on January 16.

The agreement terminated all nuclear-related sanctions imposed on Iran after coming into force.

However, some Iranian officials complain about the US failure to fully implement the accord, as Iran still has problems in its banking transactions with other countries.

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