According to the head of the foreign trade department of Germany’s chambers of trade and commerce (DIHK), Volker Treier, there was a potential for a double-digit increase in German exports to Iran once the sanctions are lifted during the first quarter of this year.
The DIHK is aiming to break the 10-billion euro export mark in Iran over the next five to seven years, Treier said.
‘German exports to Iran could more than double to reach almost five billion euros over the next three years,’ he added.
Overall German-Iranian trade volume stood at around 2,7 billion euros in 2014.
Top German company representatives have been flocking to Iran in the wake of last year’s historic Vienna nuclear
accord, hoping to land lucrative business deals in that country.
Germany and Iran have been the scene of numerous bilateral trade conferences and business delegation visits over
the past six months.