Baku, Azerbaijan, Feb. 3
By Fatih Karimov - Trend:
Spanish companies are ready to invest in Iran, said the Head of Tehran's Chamber of Commerce Yahya Al-e Eshaq.
He said Spanish companies welcome cooperation with their Iranian partners, Iran's Fars news agency reported on Feb. 3.
Although the international sanctions have reduced annual trade between the two countries to about $400 million, but the Central Bank of Iran will set up mechanisms for increasing the bilateral trade, Al-e Eshaq said.
The Tehran Chamber of Commerce has signed agreements in three provinces of Spain, according to which Spanish trade delegations will visit Iran in the near future, he noted.
A delegation of 35 members of the Tehran Chamber of Commerce traveled to Spain on Jan. 25 to seek opportunities of engaging in more active bilateral cooperation with Spanish counterparts.
They paid visits to car manufacturing facilities and port industrial complexes in Barcelona.
"The sanctions and problems that arose from them have tempered our private sector's alloy. It is expected that when situations grow normal, they will be able to demonstrate great capabilities in helping the country's industry and economy boom," said Al-e Eshaq at a meeting with the Iranian ambassador to Madrid after their arrival.
In early September, 2014, the International Relations Director of the Spanish Confederation of Employers' Organizations (CEOE) Jose Garcia Morales announced that Spain was ready to expand relations with Iran in mine and relevant industries.
