Iran keen on expanding economic ties with Germany

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Deputy for the Iranian Minister of Economic Affairs and Finance Mohammad Khazaei said the government is keen on expanding economic relations with Germany.

Khazaei made the announcement at a day-long business forum attended by the Iranian and German officials in Tehran.

Touching upon Iran-Germany’s long-standing relations, he added the negotiations are underway for expanding German private section’s investment in Iran.

Khazaei reiterated that Iranian officials are also trying to remove the banking obstacles hindering expansion of cooperation with Germany.

He added Iran-Germany economic transactions hit $2.5 billion during the imposed sanctions against Tehran in 2014 and 2015.

Iran-Germany business forum opened in Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran on Monday (Oct 3).

German Minister for Economic Affairs and Energy Sigmar Gabriel heading a 160-economic delegation is also attending the meeting.

Over 40 reporters, photojournalists and cameramen are accompanying the German delegation.

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