Iran, Germany urged to increase joint investments

Participants of a webinar on trade situation between Iran and Germany called on both countries to give a boost to joint investments.

24 November 2021
ID : 33282
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Participants of a webinar on trade situation between Iran and Germany called on both countries to give a boost to joint investments.

The webinar was co-organized by Iranian embassy in Berlin and the German Near and Middle East Association (NUMOV).

The participants, who were from the government officials and private sectors of both countries, also urged the need for setting up specialized working groups between the Iranian and German sides.

Speaking during the meeting, Mohammad Reza Karbasi, the Deputy for International Affairs of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), said that the only way to create sustainable trade between Iran and Germany is to boost joint investments.  

He also noted that joint investments and bilateral trade would require establishment of dialogue between the two countries.   

After a 2018 US unilateral exit from Iran nuclear deal, the European countries, Germany in particular, were expected to take more effective measures in support for private sector activities with Iran, Karbasi said.

Although Iran’s relations with Germany witnessed a 60% increase after the Iran nuclear deal was clinched in 2015, bilateral trade has declined over the past two years, he added.   

 

 

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