News ID: 15098
Published: 0732 GMT November 08, 2014

Italy seeking to boost Iran market share

Italy seeking to boost Iran market share

In view of the huge size of Iran’s market, Italy should expand efforts to get its share of the country’s thriving market.

Speaking in a meeting to study Fars province’s capabilities and potentials in Shiraz, Roberto Cecon, the head of a visiting Italian delegation, said given the two countries’ favorable relations, it is not an unrealistic target, IRNA reported.

He added that at present, 80 percent of Italian capital belong to Venice, Milan and Padua, which are the most industrial regions of the country.

“Since Fars province has been Italy’s top trade partner since a long time, we are ready to present the province’s capacities and potentials to investors of the three Italian provinces,” he said.

Addressing the same meeting, Fereydoun Forqani, the head of Shiraz Chamber of Commerce, Industries, Mines and Agriculture, said the province’s high capacities provide foreign investors with valuable opportunities to implement the province’s development projects.

He added that the proximity of Fars province to the Persian Gulf littoral states helps ease the province’s access to international markets.

“Fars province also has remarkable oil and gas resources. The country’s biggest gas field (South Pars Gas Field) is located only 220 kilometers from the province,” he said.

“The province produces 10 million tons of agricultural and horticultural products per annum, which makes establishment of conversion industries in the province profitable.”

Forqani said the province also boasts a number of the country’s top tourist attractions, including Persepolis, Pasargadae, tombs of Sa’di and Hafez (two Iranian classical poets).

“During March 21-October 22, Iran’s imports amounted to $30 billion, of which only $500 million pertained to Italy, which is not favorable,” he said.

Forqani said Fars province’s traders are ready to open a new chapter in economic cooperation with Italian companies.

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