Jan 5, 2016, 6:34 PM
News Code: 81908806
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Minister: Iran, Denmark can be good trade partners

Tehran, Jan 5, IRNA – Minister of Industry, Mines and Trade Mohammad-Reza Nematzadeh said on Tuesday that Iran and Denmark can prove good trade partners to deepen bilateral economic and trade relations.

Speaking during a meeting with visiting Danish Foreign Minister Kristian Jensen, Nematzadeh called for tapping the potentials for further cooperation between the two countries.
He said that the Western sanctions imposed on Tehran over the past years have undermined Iran-Denmark relations, calling for promoting bilateral relations to the pre-sanctions levels.
Over the past six months, a large number of companies from different countries have asked for further enhanced cooperation with Iran, Nematzadeh said, adding that lasting cooperation and joint investment are among Iran's main goals in interactions with other countries.
The minister said that Iran and Denmark can increase cooperation on different areas, including industry, technology, energy, petrochemicals, food and carpet industry.
'We are seeking to be admitted a member state of World Trade Organization from the current observer member status,' Nematzadeh said.
Noting that Danish companies can consider Iran as the Middle East's hub, he said that the ground is prepared for production and joint investments of Danish top brands in the Iranian market.
Meanwhile, the Danish foreign minister said that his country welcomes Iran joining WTO, underlining the need for promoting win-win cooperation between the two countries.
Denmark boasts a large number of enterprises and signing bilateral agreements can help deepen Tehran-Copenhagen cooperation, Jensen said.
Iran-Denmark trade witnessed significant growth over the past years and has risen from $70 million in 2000 to $225 million in 2011.
However Iran's trade balance with Denmark is negative, with Iran exporting $12 million of commodities to Denmark, while importing $213 million of goods from Denmark a year.