News ID: 4104606 -

S Pars phase 11 heralds Iran, Europe coop.

TEHRAN, Oct. 04 (MNA) – Head of Tehran’s Chamber of Commerce said South Pars phase 11 development plan heralds the beginning of Iran and Europe cooperation.

Speaking at the 4th Europe-Iran Forum, taking place in Zurich of Switzerland, the head of Tehran Chamber of Commerce said “based on the latest reports published by European Commission, commercial interactions between Iran and Europe has increased by 80 percent, compared to previous year.”

He went on to say economic fluctuations in the previous years which were mainly caused by unjust sanctions and mismanagements, are now smoothed out by the new administration which began work in 2013, bringing stability and tranquility to the economy of the country.

Pointing to the administration’s success in attracting foreign investments, especially the new petroleum contracts, Khansari specified “signing several petroleum and automotive contracts and many small-scale deals is a harbinger of the operational phase of cooperation” adding that infrastructure for attracting investment has improved and the government has concentrated on reforming the country’s banking system.

According to European officials, the volume of Iran’s exports to Europe has tripled in the post-JCPOA era which is very important to the economy of the country and signifies a development in bilateral relations.

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