Teheran's Skyline

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On the occasion of today's meeting between Federal Minister for Economic Affairs and Energy Brigitte Zypries and Iran's Minister of Foreign Affairs Mohammad Javad Zarif at the German-Iranian Business Roundtable in Berlin, Ms Zypries said:

"The agreement with Iran continues to be an important instrument for a rapprochement and the economic opening of Iran. There is a great need for modernisation, and German companies can also make a valuable contribution with their products and technologies. It is important to fill the nuclear agreement with life and re-integrate Iran further into the world economy. This of course also includes the important issue of banking and financial transactions. Unfortunately, there are still impediments in this area. We are in contact with German and Iranian banks and are working towards the improvement and intensification of financial transactions. As Iran becomes further integrated in the international community, the country needs to assume new responsibilities. This applies to both the external and 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 the law and 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 1st quarter of 2017, the German-Iranian trade volume again rose, by 37% to around 813 million euros. Germany thus continues to be one of Iran's most important trading partners in Europe.