The Federal Minister for Economic Affairs and Energy, Brigitte Zypries with the Iranian Minister for Roads and Urban Development, Dr Abbas Ahmad Akhoundi.

The Federal Minister for Economic Affairs and Energy, Brigitte Zypries with the Iranian Minister for Roads and Urban Development, Dr Abbas Ahmad Akhoundi.

© BMWi/Susanne Eriksson

The Federal Minister for Economic Affairs and Energy, Brigitte Zypries, today met with the Iranian Minister for Roads and Urban Development, Dr Abbas Ahmad Akhoundi.

Minister Zypries: “For us, the nuclear agreement with Iran has created the conditions for a rapprochement and the economic opening of Iran. We want to fill the nuclear agreement with life and re-integrate Iran into the world economy again. I am therefore working to tackle the challenges relating to the financing of large-scale projects especially, so that German-Iranian economic relations can be expanded even further. As Iran becomes further integrated in the international community, the country also has to assume new responsibilities. This applies at both an external and an internal level. In the Middle East, all sides should aim to ensure that the violence is contained. And actions by the state must always respect and protect the fundamental rights of the individual."

In 2016, the volume of trade between Germany and Iran amounted to around 3 billion euros. German exports rose by 26% to 2.6 billion euros. In the first quarter of 2017, the volume of trade between Germany and Iran amounted to around 1 billion euros. During the same period, German exports rose by 29% to 878 billion euros. Germany thus continues to be one of Iran's most important trading partners in Europe.
There is a great need for modernisation in Iran’s industry and infrastructure. With their sophisticated products and technologies, German companies could make an important contribution to this.