Bavaria, Iran trade volume increased by 33%

News ID: 3967193 -
TEHRAN, May 02 (MNA) – Secretary general of Tehran Chamber of Commerce, Mines & Industries said the trade volume between Bavaria of Germany and Iran has increased by 33 percent during post-sanctions era.

Bahram Eshghi said the trade volume between Iran and the state of Bavaria, Germany, was 2 billion and 400 million euros in 2013 and 2015 in an annual base, adding after the implementation of JCPOA and due to the boost in ties with foreign trade delegations, the volume of exports from Bavaria to Iran grew up to 33 percent.

He made the remarks in a joint meeting of economic activists and entrepreneurs of Tehran Chamber of Commerce and Bavaria's trade delegation at Parsian Hotel, on Monday.

“The third joint meeting of Tehran Chamber of Commerce and Bavarian trade delegation demonstrates the determination, will and support of both sides to take steps to develop cooperation,” Eshghi noted.

The secretary general added after JCPOA, the access to swift mechanisms was provided for the Central Bank and other banks, due to which more than 200 banks resumed their relationship with Iran.

Pointing to the banking obstacles, Eshghi said sanctions have caused our banks’ isolation from the international banking system and this is also an obstacle to trade and investment.

LR/IRN82512041

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