Tehran, Stockholm eager to boost trade ties

TEHRAN, Apr. 25 (MNA) – Iran industry minister and the Swedish minister for energy in a meeting emphasized escalation of trade turnover between the two countries.

Speaking at a meeting on Sunday with Minister for Energy in the Swedish Government Ibrahim Baylan, Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh pointed to the cruel sanctions against the country saying “during sanction years, Scania AB maintained its collaborations with Iran.”

Nematzadeh evaluated Iran-Sweden trade turnover of 300 million dollars in the past as a very low figure adding “given the historical relations between the two countries, there exist numerous potentials for joint cooperation to the extent that Iran can turn into a hub for Sweden in the Middle East.”

The Iranian official voiced the country’s eagerness to launch long-term cooperation as well as joint investment for domestic consumption and exports; “we possess great capacities in the field of parts production though a need is felt for more modern and newer technologies.”

“If a foreign company arrives in Iran with its own trademark, they will enjoy tax exemption for five years, “highlighted Nematzadeh asserting “we need to attach due importance to bilateral banking relations as well as exports insurance.”

 The Energy Minister of Sweden Ibrahim Baylan expressed his country’s willingness to bolster cooperation ties with Iran commenting “all Swedish companies have a special look on social responsibility being eager to run joint long-term collaborations.”

“A great opportunity is available for strengthening ties with Iran especially in energy and transport sectors,” noted Baylan deeming his country’s goal as more investment on the part of Swedish firms.

Also at the meeting, representatives of large industrial units of Sweden like Scania AB and Volvo shared views on reinvigorating joint cooperation with Iranian companies.




News Code 116074


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