|Iran-Germany trade rises 19% in Jan.-Apr.: report||
TEHRAN - The value of trade between Iran and Germany grew 19 percent during the first four months of 2014, compared to the same period in 2013, according to the statistical office of the European Union, Eurostat.
The Iran-Germany trade amounted to €904 million in January-April 2014, compared to €759 million the year before, the Tasnim News Agency reported on Tuesday.
Iran exported €107 million worth of products to Germany and imported €797 million worth of products from the European country during the first four months of 2014, showing 9 percent and 20 percent growth respectively compared to the corresponding figures in 2013, the report added.
Germany was the 11th biggest trading partner of Iran in the previous Iranian calendar year, which ended on March 20, 2014, according to the Iran Customs Administration.
Iran exported $335.2 million worth of non-oil goods to Germany and imported $2.451 billion worth of non-oil goods from the European country.
On May 3, Behrouz Alishiri, the head of Iran’s Organization for Investment and Economic and Technical Assistance, said that there are no limitations on German banks opening branches and offices in Iran.
There are no restrictions for foreign investment in the country. Foreign investors can participate in the implementation of economic projects in Iran and benefit from the same advantages and privileges of Iranian investors, he explained.
On January 14, the chairman of Iran’s chamber of commerce Gholamhossein Shafei said the expansion of trade ties between Iran and Germany will lead to sustainable political relations between the two countries.
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