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Iran-Austria trade on path of growth – TPO head

Business Materials 5 July 2018 12:51 (UTC +04:00)

Tehran, Iran, July 5

By A. Shirazi - Trend:

Iran's Trade Promotion Organization (TPO) Head Mojtaba Khosrotaj said Iran’s export to Austria increased by 19 percent in 2017.

“Iran-Austria trade exchange has been witnessing an increasing trend in the past two years,” Khosrotaj said on July 5, IRIB news agency reported.

He added that the volume of Iran’s export to Austria rose by 19 percent in 2017, while Austria’s exports to Iran saw a 9 percent growth in the same year.

“Currently, the volume of Iran’s financial transactions with Austria has reached €450 million,” the official further said.

Noting that the amount stood at €1 billion 10 years ago, he said, “There is a long way to go before reaching the desired point”.

The remarks came after Iranian President Hassan Rouhani left Vienna for Tehran late on July 4, wrapping up his key trip to Europe.

Rouhani arrived in Vienna on Tuesday on the second leg of his tour of Europe, which had already taken him to Switzerland.

While in Austria, he sat down with Iranian expatriates in the country and was welcomed by his Austrian counterpart on Wednesday morning.

After separate meetings with the president and chancellor of Austria, the two countries signed four cooperation documents.

Senior officials of the two countries signed the documents in the fields of transportation, water resources management, renewable energies and mining.

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