ISSN 2330-717X

Germany Could Become Iran’s Number One Trade Partner, CBI Official Says

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CBI Deputy Governor in charge of foreign currency department Qolamali Kamyab said on Sunday that Germany can become Iran’s first number one trade partner due to high quality of German made products, IRNA reported.

High quality of German products and low marketing charges can Germany emerge as Iran’s first trade partner, Kamyab said.

According to the CBI’s public relations department, Kamyab made the remarks in a meeting with a visiting German economic delegation in Tehran.

This is the third visit of German economic delegation to Tehran after Iran and G5+1 clinched a nuclear deal.

Iran is very active in the fields of energy, oil, gas, tourism industry, auto making, railroad, aviation, petrochemical and heavy industry such as steel Kamyab said.

Iran is in dire need of technical and financial support in these fields, Kamyab said.

Presently some 10 to 12 Iranian banks use Swift in their foreign transactions and the number will be increase after lifting of anti-Iran economic sanctions, he said.

Germany, Italy, France, Austria and Japan had the highest volume of financial trade with Iran but presently China, India and South Korea are the suppliers of financial aid to Iran, Kamyab said.

The volume of trade exchange between Iran and German are expected to hit Euro 12 billion within two years, said head of German economic delegation.

Trend News Agency

Trend News Agency

Founded in 1995 as a private media outlet in Azerbaijan, Trend News Agency is a leading news provider in the Caucasus, Caspian and Central Asian region. Trend has established the Trend Expert Council, bringing together about 40 well-known independent experts from the region and the West.

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