Baku, Azerbaijan, Sept. 6
By Fatih Karimov - Trend:
Iran is ready for $120 billion foreign investment in its semi-finished projects.
In a meeting in Tehran between Mohsen Jalalpour, the chairman of Iran's chamber of commerce, and Czech Foreign Minister Lubomir Zaoralek, the Iranian official said Iran has launched joint projects with the Czech Republic in oil and gas, automotive, and glass industries, and is willing to continue cooperation, Iran's Fars news agency reported on September 6.
Now, Iran needs investment in the ICT, renewable energies, water and wastewater management, and nanotechnology projects, he added.
Iran wants the Czech Republic to provide it with small planes, which are used in agricultural and training sectors, Jalalpour said.
Meanwhile, a wide range of transport plans, including railroads are ready for investment, Jalalpour told Zaoralek.
Despite a 90-year-old history of relations between the two countries, the bilateral trade dropped to almost zero in recent years due to sanctions against Iran, he noted.
A 60-member trade delegation from the Czech Republic is in Iran, discussing the ways to invest in Iran's development projects.
In May, Iran and the Czech Republic signed an agreement which allows the two countries' companies to avoid paying double tax on their trade activities.
The Czech firms mainly export machinery products, electrical goods, and other products to Iran, while the bulk of imports from Iran consist of fruit and vegetables.