News ID: 131949
Published: 0727 GMT November 29, 2015

Iran, Italy sign several agreements

Iran, Italy sign several agreements

Iran and Italy signed four tourism and trade cooperation agreements on Sunday.

The agreements were signed by the Iranian and visiting Italian officials on the sidelines of Iran and Italy trade conference in Tehran, IRNA reported.

Under the agreements, the two sides are obliged to foster relations in technical and scientific training, leather industry, tourism and economic cooperation.

Iran’s Deputy Minister of Industry, Mine and Trade, Valiollah Afkhami-Rad said the two countries are keen to increase the level of trade volume which declined to $1.5 billion in 2014.

During a Saturday meeting with the 370-strong Italian delegation, Iran’s Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh called on the Italian side to analyze Iran’s competitive advantages in industry, trade, and mine, Tasnim said.

The level of bilateral trade can be promoted by examining the available fields of cooperation, opportunities and capabilities of the two countries, Nematzadeh noted.

He stressed the need for development of exports, focusing on competitive advantages, integration of production-consumption chain, focusing on industrial design, exchange of technical and engineering knowledge and knowhow, and investment on small and medium businesses.

During the meeting, the two sides also discussed the advantages, capabilities, and grounds for cooperation in the fields of auto-manufacturing, furniture, pharmacy, medical equipment, stone cutting, industrial design, leather, and plastic industries.

The Italian economic delegation, including 370 industrialists and 12 banking groups, arrived in the Iranian capital earlier on Saturday.


Talks with Fiat


Nematzadeh said on Sunday an Iranian car manufacturer is in talks with Italian automaker Fiat SpA to produce cars in Iran which is billed as the Middle East’s biggest auto market, Press TV reported.

“Fiat has announced its readiness for cooperation with the Iranian automaker and Iran has welcomed it,” Nematzadeh said on the sidelines of a joint trade forum.

Fiat, which controls Chrysler, and its subsidiary heavy-truck maker Fiat Industrial SpA, halted sales to Iran in 2012 following similar moves by other carmakers under US pressure to cut ties with Tehran.

“More than 10 years ago, negotiations were held between Iranian carmakers and Fiat but the company was not allowed to cooperate with Iran after it started partnership with the US,” Nematzadeh said.

The minister said Iran was ready to cooperate with Fiat on production of light and commercial vehicles and buses as well as gas-fueled engines.

“We are planning to produce three million automobiles in less than 10 years, one-third of which will be exported,” the minister added.

The auto industry is the second largest source of foreign currency and foreign technology for Iran after oil.

Nematzadeh said Iranian automakers are looking for tie-up with reputable companies. “In a number of cases, we are finalizing agreements,” he said.

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