Chitchian told the First Iran-Germany Economic Commission that Iran and Germany have a long record of economic, commercial and industrial relations. Iran owes development of its industry partially to cooperation with the German companies and institutions. German companies are respected in Iran, he added.
Chitchian made clear that over the past few years due to sanctions, a visible recession was observed in Iran-Germany relations and the role of Germany in Iranian foreign trade fell drastically.
He said however that elimination of nuclear dispute related sanctions and the grounds available for cooperation, return of commercial and industrial relations to the former level is possible from every aspect.
‘All of us, either policy makers or government directors, banks, especially Iranian and German traders can play important to develop economic cooperation. Iranian and German officials in different sessions discussed various dimensions of expansion of economic ties.
He said that Iran is a market of 80 million, having access to market of 400 million population in the region, let’s say Middle East and Central Asia. ‘For instance in the oil and power industry, Iranian products and equipment and technical and engineering services are exported to about 40 countries.
The exports cover wide spectrum of products, including 11 billion kilowatts of power a year, establishment of big thermal, gas, wind power plants in other countries, implementation of power transfer and distribution networks, water and sewage treatment centers, power posts, different kinds of pumps, pipes and junctions. That’s so in other sectors as well.’
The Energy Minister is currently on a visit to Germany for a three-day visit and talks with the German officials. Iranian company MAPNA and German Siemens are to ink a contract for transfer of technology for manufacture of Class-F turbines.

Most of the foreign delegations visit Iran for investment, stated Mohsen Jalalpour in a joint session between government officials and the private sector in Kerman, central Iran.
During the past week, 11 investment delegations from South Korea, Singapore, Austria, Malaysia and other countries have come to Iran, he said.
Also, two delegations from Germany and Belgium have arrived in Iran, he noted hoping that the visits will help to start new activities in the country and in this province.
Projects in Kerman valued at dlrs. 35 billion are ready to absorb investments, he said.

Hamid Kargar noted that through correspondence with the World Intellectual Property Organization (WIPO), the center has managed to register 19 specialized areas with the organization as a move to deter possible duplication of the works.
WIPO is one of the 17 specialized agencies of the United Nations, created in 1967 to encourage creative activity and promote the protection of intellectual property throughout the world.
He said that NCC has always tried to safeguard the reputation and brand of Persian carpet by using every available legal instruments.
Persian carpet is a well-known brand in the global market, NCC president said adding that Persian carpet business has been under pressure in recent years.
According to Kargar, international sanctions against Iran, the US sanctions in particular, have grossly hit Iran’s carpet export.
The US ranked top among the buyers of Persian carpets so much so that until 2010, some 16.5 percent of Iran’s total carpet export valued at dlrs. 80 million went to the United States.
Another problem was the malefic effects of the sanctions against the Iranian economy leading to increased costs and risks in exporting Persian carpets.
With the lifting of sanctions, Iran has resumed carpet export to the US and the first consignment of 100 pieces of hand-woven carpets was sent to Los Angeles three weeks ago, the official said.

Addressing a ceremony attended by Energy Minister Hamid Chitchian and managing director of Mpana Abbas Aliabadi, he said that the deal was concluded on the basis of mutual confidence and it can pave the way for greater opportunities for both sides.
He also hoped that the agreement will provide win-win situation for both sides.
‘We want a sustainable and long-term cooperation and Iran is a good base for Siemens to supply services to neighboring states,’ he said.
The German industrial group signed an energy agreement with Iranian power and infrastructure group Mapna, extending its early re-entry into the country after the lifting of sanctions.
Iranian Energy Minister Hamid Chitchian and German Minister of Economic Affairs Sigmar Gabriel witnessed the ceremony.
Mapna will acquire the technology to manufacture Siemens F-class gas turbines in Iran and the two parties will cooperate to deliver more than 20 gas turbines and associated generators over the next decade.

In line with the Memorandum of Understanding (MoU) signed between Borsa İstanbul and Tehran Stock Exchange (TSE) on October 26, 2015, first steps were taken towards increasing cooperation and closer bilateral relations.
The key aspect of the cooperation efforts involves dual listing of companies between the two exchanges. The Forum in Tehran represents an important first step towards Borsa İstanbul’s and Turkish capital markets’ goal of increased cooperation with Iran.
According to mondovisione.com, Turkish delegation led by Borsa İstanbul CEO Tuncay Dinç included representatives from; Capital Markets Board, Turkish Capital Markets Association, intermediate institutions, investment banks, law firms and portfolio management companies. Iranian intermediate institutions, investment banks and financial consulting companies have shown substantial interest to the Forum which was attended by more than 150 participants.
The Iran-Turkey Capital Market Forum facilitated identification of concrete cooperation areas between capital markets institutions of the two countries and initiated subsequent infrastructure preparation efforts. Borsa İstanbul delivered presentations on its public offering and trading processes to Iran capital markets institutions and Iranian companies. Additional topics such as Islamic financial instruments and derivatives have been reviewed as well.

Iranian Energy Minister Hamid Chitchian and German Minister of Economic Affairs Sigmar Gabriel witnessed the ceremony.
Siemens was the first major German company to agree a deal with Iran this year, signing a memorandum of understanding to work on Iran’s rail infrastructure worth up to 1.5 billion euros ($1.6 billion) in early January.
Mapna will acquire the technology to manufacture Siemens F-class gas turbines in Iran and the two parties will cooperate to deliver more than 20 gas turbines and associated generators over the next decade.
‘With these important agreements we reinstall the long-term energy partnership between Mapna and Siemens,’ said Siemens Chief Executive Joe Kaeser, who was present at the signing ceremony, according to Reuters.
Kaeser visited Iran last week and said Siemens wanted to pick up where it left off in Iran, where it had been present since 1868 but stopped doing new business in 2010.
As a first project under the energy deal, Siemens will deliver two F-class gas turbines and generators for a power plant in the southern port of Bandar Abbas, with the first unit due to be shipped shortly.
Siemens also signed a memorandum of understanding to jointly develop a roadmap with Mapna to expand and improve Iran’s overall power and electricity system.

He made the remarks in a meeting with Iran’s Consul General Ali Reza Bahrami on Wednesday, which took place following a meeting between the two countries’ chief consuls where the Korean official had voiced hic country’s great interest in presence in Iran.

During the meeting, Bahrami referred to the two countries’ good cooperation in various areas, saying that Iran given its unique location in the region is a good medium for foreign economic activists and investors, particularly South Koreans, to enter the Central Asian and European markets.

Hang Hun Son, for his part, expressed pleasure with the agreement reached between Iran and six world powers and removal of sanctions.

He also presented report on the activities of 20 companies operating on the holding.

KB is operating in various fields including environment, oil pipes and electric cables, he said, hoping that the holding would inaugurate representative office in Iran in a near future.

KB was set up in South Korea in 1955 which has made major investments in China, Japan, Germany, Spain, Czech Republic, India and UAE.

According to MAPNA, one side of the technological deal, the agreement commercially known as the SGT5-4000F will be signed in the presence of the Iranian Energy Minister Hamid Chitchian and the German Vice-Chancellor and Federal Minister of Economic Affairs and Energy Sigmar Gabriel.
There will also be the managing directors of MAPNA and Siemens companies who will be signing the contract in Berlin.
MAPNA Group is a group of Iranian companies involved in development and execution of thermal and renewable power, oil and gas, railway transportation and other industrial projects as well as manufacturing main equipment including gas and steam turbines, electrical generator, turbine blade, HRSG and conventional boilers, electric and control systems, gas compressor, locomotive and other pertinent equipment.
The company was initially named Iran Power Plant Projects Management Company (MAPNA), but changed its title to MAPNA Group in October 2012.
Siemens proven SGT5-4000F gas turbine is characterized by high performance, low power generating costs, long intervals between inspections and service-friendly design.

Kamkar said despite the talks made with German investors earlier, Turkish delegation undertook to carry out the project.
‘Given the province’s need fro solar energy, we are seeking to prepare necessary grounds for investment by the Turkish delegation,’ he said, however the province welcomes all foreign investors.
The project worth of $60 million will be implemented in an area of 160 hectares, Kamkar said, noting that it will produce 80 megawatts of energy.
The project will become operational in the next 18 months and its first phase is to provide employment for 300, he added.

Kardar told a group of the NIOC officials that in the past years, about 70 to 75 billion dollars investment was made in the oil sector.
He said the target of $100 billion investment in the energy sector seems logical and the development parameters is attainable with respect to eight percent economic growth rate.
On the NIOC plan to provide 100 billion dollars investment in the oil industry in the 6th plan, Kardar said 14 billion dollars out of the total will be met out of National Development Fund resources, 10 billion dollars out of the IPCF contracts, eight billion dollars out of the capital market, 12 billion dollars through facilities, 25 billion dollars within framework of new oil contracts and the rest from the company’s resources.