Iran, Italy expected to sign 12 economic deals
Baku, Azerbaijan, April 13
By Khalid Kazimov - Trend:
Iran and Italy are expected to agree on 12 economic deals during a meeting between Italian Prime Minister Matteo Renzi and Iranian industry Minister Mohammad Reza Nematzadeh, in Tehran April 13, an Iranian official said.
The Head of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah said that Italy used to be among Iran's largest trade partner and the annual volume of trade turnover between the two countries amounted to 7.5 billion euros, prior to sanctions being impose on Iran in 2012, IRNA news agency reported.
The above mentioned figure dropped to 1.4 billion euros after the sanctions, according to the official.
Pourfallah further added that Iran will soon regain its market share for selling oil in Italy.
Iranian President Hassan Rouhani and Italian Prime Minister Matteo Renzi oversaw a ceremony Apr. 12 for signing of the MOU with an Italian multinational manufacturer and distributor of electricity and gas, Enel, where five other documents were inked, as well.
So far, Iran and Italy have agreed on a total of 36 deals as six new documents were signed in Tehran, and 30 documents were signed in Rome in January.
Italian PM Matteo Renzi, heading a 250-member political and economic delegation, arrived in Tehran on Apr. 12 to discuss the expansion of ties.
President Rouhani visited Italy in January for two days during which the two countries signed deals worth up to 17 billion euros ($18.42 billion).