Speaking to IRNA, Production Manager of Pengg Kabel Company Gerd Pichler said that competition with China is the European company’s big challenge to enter Iran’s market.

Despite their low-quality, the Chinese products are cheaper than their European rivals, Pichler added.

He said ground is ready for inking agreements with the Iranian companies and Pengg Kabel Company has already talked with three Iranian companies for transfer of technology and export of its products to Iran.

‘The problem of transferring money has been already resolved and our company looks for suitable partners in Iran,’ the official added.

Iran-Austria trade forum was held in Nov 17 in Tehran and Gerd Pichler was one of the guests.