1211 GMT December 12, 2019
According to the team’s announced schedule, Schroeder is to meet Secretary of Iran's Supreme National Security Council Ali Shamkhani on Monday.
The former chancellor will also hold talks with Iranian Foreign Minister Mohammad Javad Zarif, Oil Minister Bijan Namdar Zanganeh, Trade Minister Mohammad Reza Nematzadeh and the Governor of the Central Bank of Iran, Valiollah Seif.
The 27-person group is mostly made up of representatives from German companies and the country’s economic sector.
The visit marks an increase in foreign firms vying over Iran’s lucrative market after the termination of Western sanctions in accordance with the Joint Comprehensive Plan of Action (JCPOA).
The JCPOA, reached between Iran and the P5+1 – the United States, Britain, Russia, China, France, and Germany – in Vienna on July 14, 2015, puts limits on Iran’s nuclear activities in exchange for the removal of all economic and financial nuclear-related sanctions against the Islamic Republic.