Italian PM to Visit Iran for Removal of Trade Barriers: Official
TEHRAN (Tasnim) – An Iranian official said Italian Prime Minister Matteo Renzi’s upcoming visit to Tehran will be part of efforts to boost bilateral economic cooperation and remove the trade berries in the post-sanctions era.
The visit by Renzi and his accompanying delegation to Iran will be aimed at addressing hampered connections between Iranian and Italian banks, lifting the barriers to trade and financial ties, as well as enforcing the agreements the two countries have previously signed, Head of the Trade Promotion Organization of Iran Valiollah Afkhami Rad said Monday.
Iran and Italy are going to sign a new agreement and two memorandums of understanding during Renzi’s visit, while pursuing the implementation of the previous contracts, he added.
According to Afkhami Rad, the Italian premier will be accompanied by a 150-strong delegation of top managers of major Italian businesses in steel production, automotive industry, oil, gas and petrochemical industries, transportation, food industry, banking and insurance services.
Renzi’s office said in a statement that he will make an official visit to Iran on April 12 and 13. The visit will be made in reply to Iranian President Hassan Rouhani’s trip to Rome in late January.
Iran and Italy signed deals worth more than 17 billion euros ($18.42 billion) during Rouhani’s 48-hour stay in Italy.
The breakthrough in economic relations between Iran and Italy follows the implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).
