10 German industrial giants due in Tehran today: Official

A senior official at Iran's Oil Ministry says ten German industrial giants along with scores of smaller companies will arrive in Tehran today to discuss economic cooperation following conclusion of Iran's nuclear talks with the P5+1 group.

According to Iran's Deputy Oil Minister for Europe and Americas, Hossein Esmaeili, this will be the first visit to Iran by a high-ranking European delegation subsequent to recent conclusion of Iran's nuclear talks with the six world powers.

Noting that the delegation will be headed by Germany’s Minister for Economic Affairs and Energy Sigmar Gabriel, the Iranian official said, “Ten companies, which are among the biggest German companies, along with scores of smaller ones will send their representatives to Tehran as members of this delegation.”

Esmaili mentioned Linde, Siemens, Mercedes, BASF, Volkswagen Group, and GIZ as examples of big German companies whose representatives will arrive in Tehran next week.

“Necessary coordination has been made with the officials of the Iran Chamber of Commerce, Industries and Mines (ICCIM), as well as private and public sector companies to engage in constructive talks with German delegates,” Esmaili said.

He added that during their stay in Iran, Gabriel and his accompanying delegation will meet and confer with Iran's oil minister; foreign minister; minister of industry, mine and trade; energy minister and members of ICCIM.

Noting that Germany enjoys high capacity for cooperation with Iran in different industrial fields, the Iranian official said, “This visit will be a turning point in the two countries’ relations, which had been lowered for a while due to certain reasons.”

On July 15, Iran's ambassador to Berlin said Germany will become a trustworthy trade and political partner for Iran once anti-Iran sanctions are lifted following a final nuclear deal.

Speaking to Iranian media, Ali Majedi added that before the imposition of sanctions on Iran, Germany was the Islamic Republic’s second largest trade partner.

On July 14, Iran and the P5+1 group of countries – the US, the UK, Germany, France, China, and Russia – reached the conclusion of negotiations over Tehran’s civilian nuclear program, with the Islamic Republic and the sextet sealing an agreement.

Based on the agreement, Iran and the six powers agreed that all economic and financial sanctions against Iran will be removed through a Security Council resolution. In addition, all bans on Iran’s Central Bank, shipping, oil industry, and many other companies will be lifted.

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