Iran, Austria set goal to triple mutual trade
Baku, Azerbaijan, Sept. 9
By Khalid Kazimov - Trend:
Iran and Austria have made tripling mutual trade volume a priority, Iranian Minister of Economy Ali Tayebnia said about his meeting with Austrian Vice Chancellor and Federal Minister of Economy Reinhold Mitterlehner earlier today, official SHADA news agency reported Sept. 9.
Right now trade between Iran and Austria is about $300 million, which is set to increase to $1 billion, he said.
A banking debt to Austria had also been discussed, emphasizing that paying the debts will be made possible once economic sanctions on Iran are lifted, he added.
Iran and Austria have previously held talks on removing bilateral double taxation.
Tayebnia said Iran has offered Austria a number of economic projects, some of which have been chosen by the latter side and negotiations are being held.
Austria's rich experience in transportation and steel industries makes it a good partner for Iran in those areas, he noted.
The only problem hindering cooperation between the two countries is the economic sanctions. He hopes that in a few months once the sanctions are lifted Iran will be able to join SWIFT and conduct banking transactions with Austria.
The sanctions are expected to be lifted under a nuclear deal reached between Iran and the group P5+1 (the US , UK , France , Russia , China and Germany ) on July 14.
Edited by CN