German shipments to Iran surge by 12.7 percent
Date
1/12/2023 3:25:57 AM
(MENAFN) Germany’s shipments to Iran surged by 12.7 percent on a yearly basis in the first 11 months of last year to reach nearly 1.5 billion euros (USD1.6 billion), data from the nation’s federal statistics office indicated.
That surpassed the full-year capacity for 2021 of nearly 1.4 billion euros, but stays a fraction of overall shipments from Europe's biggest economy, which amounted to 1.38 trillion euros last year.
In a gathering among Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie in addition to Chairman of the Board of the German Federal Association for Economic Development and Foreign Trade (BWA) Michael Schumann in Tehran in July 2022, the two officials talked about methods of growing financial ties among the two nations.
In the gathering, Shafeie condemned German administration’s sanctions on releasing visa for Iranian businessmen, stating that easing of visa issuance is a requirement for the growth of exchange relations among the two nations.
Asserting that Germany has always been Iran's first exchange associate in Europe, the ICCIMA chief highlighted that “After the nuclear deal, Germany was the first country to restart relations with Iran and the volume of trade between the two sides increased by 60 percent in a short time. But after the withdrawal of the U.S. from the JCPOA, the volume of economic exchanges between Iran and Germany decreased by 50 percent.”
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