Iranian and Austrian officials in a meeting in Tehran conferred on different ways to develop economic relations between the two countries, Fars news agency reported on Jan. 10.
The meeting was held between Iran's Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and Austrian Ambassador to Tehran Friedrich Stift on Wednesday.
During the meeting, Nematzadeh said that activation of Iran-Austria joint economic commission would facilitate cooperation between the private sectors of the two countries.
He also expressed the hope Tehran-Vienna cooperation would further expand.
Nematzadeh stressed that Iran-Austria trade exchanges reached $1 billion in 2013, adding the two countries have great potential to upgrade bilateral cooperation in the near future.
In October, Iranian First Vice-President Eshaq Jahangiri said European companies are making increasing demands for cooperation with Iran.
"Right now many European companies have contacted Iranian firms and expressed their willingness for the expansion of mutual cooperation," Jahangiri said at the time.
The Iranian first vice-president underlined that Iran should seriously step towards development and industrialization.
"Iran is in a situation in the region and on the international arena that obstacles to its development should be removed ...," Jahangiri added.