Baku, Azerbaijan, Aug. 11
By Fatih Karimov - Trend:
Iran is preparing to dispatch an economic delegation to Italy in a month.
The Head of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah told Fars News Agency on Aug.11 that last week an Italian delegation, including 16 directors of companies visited Tehran. Serious talks were held and two Iranian delegations will also visit Rome in a month.
Pourfallah said Italy was once Iran's biggest trade partner and the bilateral trade turnover reached $7 billion a year, but after sanctions, the mutual economic ties weakened and dropped to $1.2 billion. He said this figure could be resumed and possibly reach $10 billion in the future.
Italy has had a big role in Iran's industry like steel, home appliances, leather and mining machinery equipment.
The first Iranian delegation would travel to Rome in two weeks and the second will be there in mid-September, Pourfallah said.
A high-ranking delegation headed by Italian Foreign Minister Paolo Gentiloni and Minister of Economic Development Federica Guidi visited Tehran August 5.
Edited by CN