A 150-member delegation of Italian businessmen will arrive in Tehran in November to investigate further avenues for bilateral ties.
The members of the visiting delegation are active in different fields including industry, mining, oil, gas and environment sectors as well as manufacturing of vehicles, different machineries and medical equipment.
The Italian delegate's visit to Iran was announced in a Monday meeting of the Director of the Trade Promotion Organization of Iran (TPO) Valiollah Afkhamirad and the first Secretary in the Economic-Commercial Sector of the Italian Embassy in Iran Andrea Barbaria.
Addressing the meeting, Afkhamirad referred to the trips of economic delegations from different countries to Iran after Tehran’s nuclear deal with Group 5+1 (the five permanent UN Security Council members plus Germany) and said there are many investment opportunities in the oil, gas, petrochemical, transportation, industry, mining and other sectors of the country.
“We are willing that besides making investment, the Italian companies transfer technology to Iran, in a way that through joint production with Italy, Iran can produce goods for exports,” he said.
In September, Italian Senate Speaker Pietro Grasso in a meeting with Iranian Parliament Speaker Ali Larijani said his country wants to take back its position as Iran's number one European trade partner once again.
During the meeting on the sidelines of the Fourth World Conference of Speakers of Parliament at the UN headquarters, Grasso described the nuclear agreement between Tehran and the world powers as a big opportunity for the improvement of relations between Iran and the EU.
He also appreciated Iran's key role in the region and its fight against the terrorist groups, specially the ISIL, and said the two countries have good cooperation in campaign against organized crimes and drug trafficking.
Larijani, for his part, welcomed expansion of Iran-Italy economic ties, and said, "We believe that economic cooperation should continue by transferring technology and we are ready for the development of cooperation based on this approach."
Italians could persuade Iran to sign its first European memorandum of understanding (MoU) on trade transactions after the recent nuclear agreement between Tehran and the six world powers in Vienna on July 14.
Iran's first European trade MoU, after the Vienna deal with G5+1 Group was penned with Italy on the sidelines of a meeting between Iranian minister of Industry Mohammad Reza Nematzadeh and Italian minister for economic development Federica Guidi, in Tehran early August.
The MoU was signed between the Head of the Trade Development Organization of Iran Valiollah Afkhamirad and CEO of Italian Trade Agency, Roberto Luongo.
According to the contract, the two sides accepted to bolster trade ties and share their trade and commercial know-how via sending delegations to each other's countries.
An Italian delegation, headed by Italian Foreign Minister Paolo Gentiloni and Guidi, were in Tehran to hash out further expansion of mutual cooperation in various fields.
The Italian ministers were accompanied by a group of high-ranking directors of Italian state-run and private companies.