Iran, Germany businessmen keen to expand trade ties
Iran's deputy minister of economic affairs and finance says Iranian and German businessmen are eager to expand trade in all areas, Press TV reported.
Mohammad-Reza Farzin made the remarks on the sidelines of meetings with Iranian and German businessmen in Berlin, IRNA reported on Friday.
He noted that Germany is the biggest trade partner of the Islamic Republic in Europe, and expressed hope that the volume of bilateral trade would increase in all spheres.
He went on to say that the Islamic Republic has always been a good economic partner for Germany despite the European financial and economic crisis.
Trade between Iran and Germany witnessed considerable growth throughout 2010 despite the sanctions imposed on Tehran over its nuclear program.
Around 50 German companies have branches in Iran and over 12,000 German companies have trade representatives in the country.
Crude oil and natural gas account for the lion's share of Germany's imports from Iran, while Iran's main imports from Germany are metals, chemicals, and industrial equipment.
On Monday, the chairman of Iran's Chamber of Commerce, Industries and Mines, Mohammad Nahavandian, said that despite all the political barriers, the European Union is still Iran's biggest trade partner in the world.
Eurostat, the European Union statistical office, announced in its October report that Iran's exports to the 27-member EU increased 6.4 percent in the first five months of 2011 compared to the same period last year.
The report added that Iran's exports to the EU exceeded five billion euros from January to May 2011, although imports from EU states have fallen around seven percent to 4.1 billion euros during the five-month period.