TEHRAN: Italian Economic Development minister Federica Guidi hailed Iran-Italy trade relations as long-standing, saying that Italy would invest in Iran’s car industry in the near future.
Federica Guidi, who accompanied a delegation, met with Iran’s Industry, Mining, and Trade Minister Mohammad-Reza Ne’matzadeh on Tuesday.
“we would certainly invest in Iran’s car industry in the near future as a high number of cars is manufactured in the country and this production level will not certainly be limited to the domestic market”, the official remarked in reply to a question on how Iran-Italy car industry cooperation would like in the future.
Bilateral relationships between the two countries should not be confined to heavy industries and small and mediocre industries should be constructed as well, Guidi added.
According to Guidi, the two countries has a long history of close bilateral economic and industrial ties, totaling more than €7 billion prior to the sanctions.
Guidi referred to the historical moments following the nuclear accord and said that the agreed upon contracts benefit both Iran and the European Union.
Guidi emphasized that her country is reconsidering its economic and industrial ties with Iran and emphasized a focus shift from small, traditional markets to broader scales. A long-term trade relation should be defined on a win-win basis and we attempt to provide financing mechanisms for establishing new trade relations, Guidi highlighted.
