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Germany, Iran pledge to revive economic ties after long freeze
Reuters ^ | 2 hours 8 minutes ago | By Gernot Heller

Posted on 07/20/2015 9:10:11 AM PDT by DeaconBenjamin

TEHRAN, July 20 (Reuters) - Germany and Iran moved tentatively on Monday towards reviving a once close trade relationship, anticipating the lifting of western economic sanctions against Tehran following a landmark nuclear deal.

Economy Minister Sigmar Gabriel, making the first top level German government visit to Tehran in 13 years, indicated that a ministerial-level meeting of a long dormant German-Iran economic commission would take place early next year in Tehran.

Gabriel signalled the move at a meeting with Iranian Oil Minister Bijan Namdar Zangeneh during the visit, which is also the first to the country by a senior member of a Western government since the nuclear agreement last week.

Gabriel is travelling with a delegation of German industry representatives, who are keen to move back into the Iranian market, particularly the lucrative energy sector.

German exports to Iran hit 4.4 billion euros in 2005 but then slumped to 1.8 billion by 2013 as the West tightened the sanctions imposed over Iran's nuclear programme. However, the agreement between Iran and six world powers including Germany has opened the prospect that the sanctions will be removed.

"There is no country in the world where petrochemicals are so easy to access and so inexpensive," Zangeneh said. "I hope that German and Iranian firms can find each other."

For decades, Germany was Iran's biggest trading partner in Europe. Last year, German exports to Iran rose to 2.4 billion euros in anticipation that the sanctions might be eased, but German industry associations have said they could quadruple to 10 billion within a few years. German machinery, auto, chemicals, healthcare and renewable energy firms are likely to be the biggest beneficiaries of an opening up of the Iranian market.

(Excerpt) Read more at en-maktoob.news.yahoo.com ...


TOPICS: Business/Economy; Foreign Affairs; Germany; Government; Israel; War on Terror
KEYWORDS: germanantisemitism; germany; germany4newholocaust; germanyvsisrael; iran; israel; lebanon; waronterror

1 posted on 07/20/2015 9:10:11 AM PDT by DeaconBenjamin
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To: DeaconBenjamin

More money for Iran’s terrorist ways.


2 posted on 07/20/2015 9:12:41 AM PDT by Paulie (America without Christianity is like a Chemistry book without the periodic table.)
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3 posted on 07/20/2015 9:33:50 AM PDT by SunkenCiv (What do we want? REGIME CHANGE! When do we want it? NOW)
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To: DeaconBenjamin

Antisemitic Germany outsources
the 2nd Holocaust to Iran with this.


4 posted on 07/20/2015 10:29:55 AM PDT by Diogenesis ("When a crime is unpunished, the world is unbalanced.")
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