Economy

A German foreign trade expert has said that his country is seeking to raise its exports to Iran to € 5b in the next two years.

Afkhami-Rad has unveiled plans for establishing joint funds and commercial chambers with African states as well as an increase in the number of Iranian commercial attachés in Africa.

Under the agreement, Germany will build several solar farms in Tehran, Tabriz and Isfahan as Iran embraces clean energy, Ali Barband said.

The agreement between the Ministry of Energy and the foreign firm envisages developing gas-powered plants for 3,250 MW and wind farms for 1,000 MW of electricity, Nobakht said.

Bavaria’s minister for economic affairs has described Iran as a very attractive and profitable market for European enterprises.

A deputy economy minister has said that efforts to develop Iran-Brazil ties have gained momentum and that the two countries have inked deals on customs, double taxation and joint ventures.

Brazil has always been among the priorities of Iran’s foreign policy, Zarif said at a meeting with the Brazilian minister of development, industry and trade.

Industry Minister Mohammad Reza Nematzadeh has said that Iran has set a target of $190b in exports for 2025.

The head of Iran’s Chamber of Commerce has said that an inflated government can do little to pave the way for a resistance-based economy to grow.

Industry Minister Nematzadeh has said that Iran, Afghanistan and Germany can make profitable investment in different mining and industrial sectors.

A deputy minister of industries, mines and trade has said that if Iran fails to get the WTO membership, it will definitely face multiple challenges down the line.

There are a lot of trade grounds for the Iran and Japan to boost cooperation, said Nematzadeh.

The Japanese and German economic teams in Tehran have said that they can help Iran revamp its automotive industry and develop its agriculture and food industries.

Iran has plans to build seven international airports near Tehran in ten years to guarantee the country’s pioneering role in tightening the security and development of the region, said the minister of roads and urban development.

Iran has said that the US court ruling on appropriation of Iran’s funds violates a treaty between the US and Iran which bans expropriation of one country’s properties in the territory of the other.

Poland has expressed readiness to cooperate with Iran in different energy sectors and since Polish refineries have been modernized, they can use Iranian crude oil, Zanganeh said.

An Iranian economist has said that the country has to go right back to where it started from during Ahmadinejad's presidency and make up for what it lost if it seeks to secure economic growth.

Iran’s economy chief has said that existing limitations in Iran-China economic and trade ties will be removed in the near future.

Two separate agreements have been signed for studies in the offshore and onshore sections.

Total has already voiced readiness to sign new contracts with Iran, Rokneddin Javadi said.

A French delegation has held talks with Iranian officials to discuss ways to boost bilateral trade ties between Tehran and Paris.

The exhibition brought together 320 domestic producers and about 40 companies from 17 countries.

Tehran and Algiers have agreed to exchange experience in various areas of monetary and regulatory policies as well as in management of monetary reserves.

French group AccorHotels will open an Ibis hotel and a Novotel branch near Tehran's international airport.

Iran says it is preparing to host 10 European trade delegations within the next two weeks, stressing that the rise in the frequency of visits by trade delegations is a result of July nuclear breakthrough with the P5+1.