|
News Code
104340
Copied
Germany Eyes €۱۰b in Trade With Iran
TIN news: Managing Director of Iran-Germany Chamber of Industry and Commerce Rene Harum says trade between the two countries is expected to reach €5 billion in 2017 and €10 billion in the upcoming years.
Speaking at the first meeting of the joint chamber in Tehran on Wednesday, Harum said the value of bilateral trade stood at €2.5 billion in 2015, IRNA reported. He said Germany is willing to become Iran’s number one trading partner, replacing China whose trade with Iran topped $22 billion in the last Iranian year (March 2015-16).
Following the lifting of sanctions in January, as part of last year’s nuclear deal between Tehran and world powers, German companies have struck a series of deals with Iran in a wide range of sectors, including oil and gas, infrastructure, renewable energies and water management.
According to the Islamic Republic of Iran Customs Administration, trade between Iran and Germany stood at $2.13 billion in the the last Iranian year, down 25% over the previous year.
IRICA's latest stats show bilateral trade is already witnessing a rebound. Iran exported 10,400 tons of non-oil goods, worth $87 million to Germany during the first four months of the current Iranian year (started March 20), registering a %1.4 increase compared with last year's corresponding period. Pistachios, carpet, caviar, saffron and dates were among the main exports.
More than 419,000 tons of goods valued at $671.3 million were imported from the European country during the same period, indicating an 18% rise year-on-year. Imports mainly included industrial machinery, grain, pharmaceuticals and steel products.
Speaking at the first meeting of the joint chamber in Tehran on Wednesday, Harum said the value of bilateral trade stood at €2.5 billion in 2015, IRNA reported. He said Germany is willing to become Iran’s number one trading partner, replacing China whose trade with Iran topped $22 billion in the last Iranian year (March 2015-16).
Following the lifting of sanctions in January, as part of last year’s nuclear deal between Tehran and world powers, German companies have struck a series of deals with Iran in a wide range of sectors, including oil and gas, infrastructure, renewable energies and water management.
According to the Islamic Republic of Iran Customs Administration, trade between Iran and Germany stood at $2.13 billion in the the last Iranian year, down 25% over the previous year.
IRICA's latest stats show bilateral trade is already witnessing a rebound. Iran exported 10,400 tons of non-oil goods, worth $87 million to Germany during the first four months of the current Iranian year (started March 20), registering a %1.4 increase compared with last year's corresponding period. Pistachios, carpet, caviar, saffron and dates were among the main exports.
More than 419,000 tons of goods valued at $671.3 million were imported from the European country during the same period, indicating an 18% rise year-on-year. Imports mainly included industrial machinery, grain, pharmaceuticals and steel products.