Saturday, 19 January 2013

Agriculture Minister Invites German Companies to Invest in Iran

TEHRAN (FNA)- Iran's Minister of Agricultural Jihad Sadeq Khalilian, who is in Berlin to attend an international conference, said Tehran plans to develop its agricultural sector, and asked German companies to invest in this sector.
Khalilian is in Berlin to attend the International Agriculture Ministers' Summit. 

Addressing a gathering at Iran's embassy in Berlin on Friday, the Iranian minister said the government has allocated $10 billion for investments in the agricultural sector. 

He added that Iran welcomes the presence of German food and agriculture companies in Iran, and made clear that food exports for Iran were not on the western sanctions' list. 

He also stressed that Iran could serve as a transit country for German firms to expand their agricultural cooperation in the region. 

Late in October, Media reports said that the volume of the bilateral trade exchanges between Iran and Germany is on the rise despite the US-led western sanctions on Iran, and the volume of trade transactions between the two countries is getting close to the eye-catching figure of 4bln euros for 2012. 

Germany is on the course to increase its bilateral trade volume with Iran to 4bln euros for 2012, the Jerusalem Post reported at the time. 

The volume of trade transactions between the two countries also reached 4bln euros in 2011, it said, noting that the new sanctions have not affected Iran's economy. 

Germany is an important trade partner of Iran. Berlin has long been ignoring the US-led sanctions against Iran. 

The German banking system has also reportedly ignored the US-led western sanctions against Iran several times thus far, it said. 

The flourishing trade transactions between Iran and Germany have frustrated Israeli, American, British and French officials, the newspaper said. 
Original Article Here

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