German exports to Iran are rising sharply
82% increase of German Exports to Iran in September 2016
The high expectations of Iran's sales market seem to be slowly fullfilled. In September 2016, exports from Germany to Iran increased by 82% compared to the previous year.
German companies with a focus of Iran-trade see in the high September figures, a trend reversals in bilateral economic relations. "80% growth in one month has not existed for decades," says Michael Tockuss, Managing Director of the German-Iranian Chamber of Commerce, Hamburg.
The strong increase is mainly due to supplies for the automotive industry and the petrochemical industry in Iran.
Over the last few months, Iran has been the target of numerous economic delegations of the Federal Gouvernment, Associations and almost all federal states of Germany
"The many bilateral contacts and meetings are now showing fruit", a company representative who has been involved in Iranian trade for many years comments.
With the strong September figures, the exports to Iran for the period January - September 2016 are 21.43 percent above the figures of the year 2015.
CHAMBERS OF COMMERCE & BUSINESS ASSOCIATIONS FROM GERMANY, FRANCE AND THE UK FORM EUROPEAN-IRANIAN BUSINESS ALLIANCE (EIBA) TO PROMOTE TRADE AND INVESTMENT WITH IRAN
London, 6th February 2015: The European-Iranian Business Alliance (EIBA) has been founded by Deutsch-Iranische Handelskammer e. V (DIHKEV) of Germany, Cercle Iran Economie (CIE) of France and the British-Iranian Chamber of Commerce (BICC) of the United Kingdom.
EIBA has been established now because negotiations on the nuclear dispute appear to have a real chance of success. EIBA is an unincorporated alliance of European national organisations whose sole purpose is the promotion of trade in goods and services, commerce and investment with Iran. The purpose of EIBA is to help European commerce regain the pre-eminent commercial relationship with Iran it enjoyed earlier in the 21st century. This it proposes to do by: sharing information among its member organisations; promoting the significance of Iran as a market to institutions and companies within Europe; and promoting, within Europe, an understanding of matters of joint concern in trade with Iran. EIBA members expect to hold seminars on matters of joint interest.
The EIBA is intended to assist Europe, through its businesses and institutions to refocus on business with Iran. It is not intended to interface with Iran; rather the national organisations will continue to work exclusively with the equivalent organisations in Iran to promote their direct national trade interests.