German Economic Minister Sigmar Gabriel has sent letters to the country’s banks, encouraging them to expand cooperation with Iran, his deputy minister said Tuesday.
Uwe Beckmeyer made the remark in Iran-Germany’s joint economic commission’s meeting in Tehran on Tuesday, adding “I will use this opportunity presented to us due to the lift of sanctions to call on German banks to make the most of developing ties and cooperation with Iranian banks.”
He expressed hope that the guarantee offered by Hermes insurance company will encourage German banks to expedite their efforts in reactivating banking relations with Iran.
Meanwhile, an economic MoU was signed between Iranian deputy economic minister Mohammad Khazaei and his German counterpart Uwe Beckmeyer here in Tehran on Tuesday. Other MoUs signed between the two countries include one between Iran’s Chamber of Commerce and German Institute of Consulting Services, one between UT National Laboratory of Brain Mapping and the medical sector of German Siemens, two MoUs between Siemens GA and the Iranian side on steel and industrial machinery cooperation, as well as one agreement between German Linde Group and National Iran Gas Company.
Iran-Germany Joint Economic Commission’s meeting was held May 3, for the first time after 15 years. German Deputy Economy Minister Uwe Beckmeyer co-chaired the session in the absence of German Economy Minister Sigmar Gabriel, who canceled his trip due to illness.