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| Syria-Lebanon-Iran |
| Iran becomes Germany's top trade partner in Mideast |
| 2005-04-14 |
| Iran has outpaced the United Arab Emirates and Saudi Arabia to become Germany's number one trading partner in the Near and Mideast region, a leading German trade official announced in an Iran investment conference, hosted by the Iranian embassy in Berlin on Tuesday. "Among 20 Near and Mideast countries, Iran has become Germany's number one trading partner as German exports to Iran topped 3.574 billion euros and imports (from Iran) reached 391 million euros," said the chairman of the German Near and Middle East Association (NUMOV), Werner Schoeltzke. "Nobody expected that (Iran-German) economic relations would develop so quickly and to this extent," added the official who pointed to Hermes export credit insurance coverage as one of the main reasons for the growing bilateral trade volume. Schoeltzke was joined by Iran's Ambassador to Germany Seyyed Shamseddin Khareghani who also addressed the one-day conference on various aspects of doing business with Iran. The head of Iran's Central Bank Ebrahim Sheybani and the President of the German Bundesbank Dr. Axel Weber met in Frankfurt on Tuesday. Talks focused on Iran's efforts to privatize its banking system and the exchange of banking expertise. Sheybani departed Tuesday evening Frankfurt for Washington D.C where he was to attend the joint annual summit of the World Bank and the International Monetary Fund (IMF). |
| Posted by:Anonymoose |