Jul 7, 2014, 4:44 PM
News Code: 2720549
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European trade partners are on way back to Iran

Tehran, July 7, IRNA – Deputy for Trade Promotion Organization of Iran (TPOI) Mir Abutaleb Badri said on Monday that European companies and former Iran's business partners are on their way back to Iran.

Tight competitions between the European companies for investments in Iran as well as preparing the ground for resumption of business cooperation have been initiated, he said.

It is predicted the volume of Iran's exports to Europe will increase 40 percent in the near future, he said.

Trade between Iran and Europe was remarkable before the economic sanctions, but, it is expected the previous level of trade will be possible after clinching the deal between Iran and G5+1 in the near future, he said.

Presently demands by European companies are high but current banking restrictions are the hurdles to the enhanced trade relations, he said.

He said that Iran predicts that the volume of exports to Europe to exceed dlrs 47 billion this year and is to spare no efforts to attain the figure.

Iran has sent economic delegations to various parts of the world to prepare the ground for a big jump through signing MoUs, he said.

"We are to activate the TPOI offices in Lebanon, Iraq, Afghanistan, China and Russia in line with the country's economic programs," he said.

Foreign investment attraction in the Iranian development projects is high on the agenda, he said.

The European companies have started a competitive move to inter into Iranian marketplace, he said.

He said that currently negotiations with huge European companies are underway.