Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 42 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Germany to press US to reduce Iran sanctions
October 04, 2016
 Print    Send to Friend

TEHRAN: German Economy Minister Sigmar Gabriel promised on Monday to remind the United States of its commitment to reduce sanctions against Iran, as he courted business ties during a two-day trip to the nation.

Speaking at the opening of an economic forum, Gabriel said Germany wanted to “remind the United States of the commitment to get to an effective dismantling of sanctions.” Iran’s Deputy Economy Minister Mohammad Khazaei said 10 economic agreements would be signed on the sidelines of Gabriel’s visit.”I hope that this will smooth the way between both countries,” he said.

Gabriel has gone to Iran with a plane-load of industry executives.

Remaining US sanctions and political concerns have so far held back a hoped-for business boom between the two countries.

“We can build on a long tradition of trade cooperation between Iran and Germany. The German economy can play an important role in the modernisation of Iran,” Gabriel told reporters.

He was joined by some 120 business representatives and dozens of journalists for the two-day visit to Tehran, and Iranian media said 10 trade deals were signed on areas including banking, energy and water.

German companies are putting a lot of hope in Iran, the second-largest economy in the Middle East and one of the world’s last untapped markets for global business.

A nuclear accord with world powers last year saw international sanctions against Iran dropped, though global banks remain reluctant to work with the country due to continuing US sanctions.

Agencies
 

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Iranian protesters deserve respect, says Germany
BERLIN: Germany said on Wednesday it was following developments in Iran with concern but stressed that protesters there demonstrating against economic hardship deserved r..
Larijani cancels talks with German minister
TEHRAN: The speaker of Iran’s parliament, Ali Larijani, cancelled talks with German Economy Minister Sigmar Gabriel on Tuesday during his high-profile trip to Tehran, snu..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright