German banks poised to fi­nance pro­jects in Iran

Tehran Times - - FRONT PAGE -

TEHRAN — German banks are ready to fi­nance eco­nomic pro­jects in Iran, Fed­eral Min­is­ter of Fi­nance Wolf­gang Schäu­ble an­nounced in a meet­ing with Ira­nian For­eign Min­is­ter Mo­ham­mad Javad Zarif in Ber­lin.

Un­der­scor­ing the vi­tal­ity of im­ple­ment­ing Iran’s nu­clear deal with the six world pow­ers- known as the Joint Com­pre­hen­sive Plan of Ac­tion (JCPOA) - Schäu­ble said that his coun­try wel­comes ex­pan­sion of bank­ing co­op­er­a­tion with Iran, Tas­nim news agency re­ported on Tues­day.

The Ira­nian for­eign min­is­ter, who had trav­eled to Ber­lin to de­liver speech in the Euro­pean Coun­cil on For­eign Re­la­tions (ECFR) An­nual Coun­cil Meet­ing, also vis­ited German Eco­nomic Af­fairs and En­ergy Min­is­ter Brigitte Zy­pries, IRNA re­ported.

In this meet­ing, Zarif called Iran a re­li­able part­ner for Ger­many for man­u­fac­tur­ing goods and ex­port­ing them to Mid­dle Eastern coun­tries.

Zy­pries, for her part, ex­pressed con­tent about the cur­rent an­nual three-bil­lion-dol­lar bi­lat­eral trade be­tween the two coun­tries, say­ing that Ger­many is in­ter­ested in boosting po­lit­i­cal and eco­nomic co­op­er­a­tion with Iran in all ar­eas via for­ti­fy­ing in­sur­ance and bank­ing ties.

Dur­ing the meet­ing, Her­mes, the of­fi­cial German ex­port credit in­sur­ance agency, an­nounced readi­ness to back in­vest­ing pro­jects in Iran, es­pe­cially those in power and en­ergy sec­tors.

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