Germany interested in revamping Iran’s car industry

Business Materials 8 October 2015 22:12 (UTC +04:00)
Germany is interested in revamping Iran’s car industry.
Germany interested in revamping Iran’s car industry

Baku, Azerbaijan, Oct. 8

By Fatih Karimov - Trend: Germany is interested in revamping Iran's car industry.

Horst Schrage, the managing director of Germany's Nierdersachsen State Chamber of Industry and Commerce, said that German manufacturers can cooperate with Iranian partners both for car production and car parts production, Iran's Tasnim news agency reported.

Schrage made the remarks in Tehran in a meeting with Ali-Ashraf Afkhami, the managing director of Iran's Bank of Industry and Mine.

"Our companies are interested in negotiating with Iranian companies in automotive, agriculture, and food industries," Schrage said.

"We are planning to make long-term investment in Iran," he noted.

Michael Tukas, the head of Iran-Germany Chamber of Commerce, had previously stated that the immediate prospect of sanctions relief would rise Germany-Iran trade to €6 billion in 2016.

According to the formal statistics issued by Germany 's Foreign Affairs, Iran 's imports from Germany in 2014 showed 30 percent growth in comparison to 2013 and the volume of bilateral trade increased 27 percent.

German Ambassador to Tehran Michael Freiherr von Ungern-Sternberg has already said that German companies are keen to boost links with Iran and directly invest in the country.

Edited by CN