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Germany sees 'new chapter' in Iran ties

Germany says it sees a new chapter coming in relations with Iran in light of July nuclear breakthrough between Iran and the P5+1.

The July nuclear breakthrough between Iran and the P5+1 has opened the way for a new chapter in relations between Iran and Germany – which negotiated with Iran over the breakthrough with other P5+1 members.  

Germany’s Deputy Minister of Economic Affairs Matthias Machnig has told a business gathering in Berlin that the July 19 visit to Iran by German Economic Minister Sigmar Gabriel symbolized the opening of new chapter in bilateral business ties between the two countries.

Maching, addressing a business conference hosted by the Federation of German Industries (BDI), said the German industries can make 'a substantial contribution' to Iran's modernization after the removal of the sanctions, IRNA reported.    

“We want to expand our bilateral relations as the sanctions are gradually eased. Thus, we are also ready to take on our Asian competitors in Iran,” he said.

Machnig said the Iran-P5+1 nuclear breakthrough has many hopes and expectations amid efforts to normalize relations between Iran and the West.

The official is to visit Iran in October and a main focus of his trip will be financing business deals as well as the problems with financial transactions.

He also emphasized that German banks have already conducted “lengthy and intense talks” with Iran over certain post-sanctions banking issues.   

Machning referred to plans for stronger economic cooperation between Berlin and Tehran once the sanctions are removed, among them management training for Iranian business leaders as well as German government investment guarantees for German projects in Iran.

He said the joint German-Iranian economic commission would convene in Tehran next year.

The commission is to identify specific fields of joint cooperation in various spheres which are important to Iran's modernization, Machnig said.

He cited the following areas for economic cooperation: industrial machinery, automobile industry, petrochemicals, energy, medical technology, infrastructure projects, service industry, water management, environmental technology as well as the transfer of technological know-how and professional training programs.

The official said the economic cooperation with Iran was also geared at promoting peace and stability in the Mideast region.

Machnig's remarks were also underscored by the head of the economic division at the German Foreign Ministry Dieter Haller who in his speech outlined the roadmap for lifting Iran sanctions.

The roadmap envisions that the Iran nuclear agreement will become effective no later than October 18. There is still the likelihood that the deal will even come into force sooner but we anticipate that October 18 will be the adoption day, Haller said.

Meanwhile, he warned against continued efforts by a number of US politicians, notably Republican lawmakers, to undermine the Iranian nuclear accord.   


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