Figures released by the Customs Administration of Iran show that the country’s exports from Germany have increased by 25 percent.
Iran has signed initial agreements with Germany’s Hermes insurance firm and Swiss Export Risk Insurance (SERV) to provide cover for transactions with Europe.
German Transport Minister Alexander Dobrindt is scheduled to pay an official visit to Tehran this week to hold talks with senior Iranian officials.
German engineering giant Siemens says it is preparing to sign a major deal with Iran to develop the country’s railway system.
A German delegation of more than 100 companies attended German-Iran Business Forum at Iran Chamber of Commerce, Industries and Mines. The delegation was headed by German Vice Chancellor and Economy Minister Sigmar Gabriel.
Germany and Iran have signed a range of business deals in what is expected to take economic relations between the two countries to a new level.
Germany has promised to exercise pressure on the United States to act on its commitment of “effectively” removing sanctions against Iran.
Iran says Germany is preparing to implement an action plan to invest €3 billion in different industries of the Islamic Republic.
German Economy Minister Sigmar Gabriel heads to Tehran on Monday with planeful of industry executives keen to rebuild trade ties with Iran.
Two Memoranda of Understanding (MoUs) have been signed between Iranian Province of Kerman and Germany’s federal state of Bavaria.