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French automotive experts to offer consultations to Iranian carmaker

Business Materials 24 October 2014 12:50 (UTC +04:00)

Baku, Azerbaijan, Oct.24

By Fatih Karimov - Trend:

A group of French automotive experts will soon travel to Iran to offer consultations to Iranian carmaker Iran Khodro.

Iran Khodro Managing Director Hashem Yekkeh Zare' said that the group of experts has nothing to do with French carmakers, Iran's ISNA news agency reported on October 24.

The French group will arrive in Iran within the next 2-3 months, he added.

Zare reminded that currently a group of experts from Germany is visiting Iran Khodro and is ready to start offering consultations to the company.

French carmakers Peugeot and Renault look to be among the beneficiaries of the interim deal that lifts some sanctions on Iran, with both hoping to leap back into the Middle East's biggest auto market.

PSA Peugeot Citroen was the top car manufacturer in Iran before the sanctions, selling 458,000 vehicles in 2011 in what used to be its second-biggest market worldwide after France.

Renault sold 103,000 vehicles there last year before leaving.

Iran and the P5+1 group (the five permanent members of the UN Security Council plus Germany) signed an interim agreement over Tehran's nuclear program in Geneva on November 24, 2013, according to which Iran agreed not to expand its nuclear program and to suspend its 20 percent uranium enrichment in return for a limited easing of the sanctions imposed on the country.

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