Skip to comments.Iran's commercial ties with Italy growing
Posted on 08/28/2006 12:34:26 AM PDT by familyop
LONDON, August 28 (IranMania) - Secretary of Iran-Italy Chambers of Commerce said that investing in Iranian projects implies concurrent investment in all regional countries given that Iran is the pivotal country in the Persian Gulf and Central Asia-Caucasus regions.
Speaking to ILNA, Jamshid Haqgou added that the volume of trade between Iran and Italy in 2006 has increased. This is while in 2005 bilateral trade
amounted to over five billion dollars, he said noting, The figure is rapidly increasing and we predict that by the end of this year it will exceed $5.5 billion.
He added, Iranian investments in Italy are very meager and limited to small companies only. However, there are more opportunities for Italian businessmen to invest in Iran than the other way around.
Haqgou recalled that investing in Iranian undertakings can be very attractive for Italians and Europeans.
However, suitable conditions do not exist for investments due to tensions in the Middle East. The most important barriers are regional conditions and local banking regulations. This is while Iran needs foreign investments to ensure its advancement based on its 20-Year Vision, he noted.
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