Iran, Italy sign Deals Worth $18bn

By John Lee.

Italy announced some 17 billion euros ($18.4 billion) of business deals with Iran on Monday, according to a report from Reuters.

President Hassan Rouhani, in a press conference Monday evening with Italian Prime Minister Matteo Renzi, said:

“Iran and Italy are determined to broaden and grow their existing level of cooperation in all fields of mutual interests”.

After signing 14 documents of bilateral cooperation Monday evening by Iranian and Italian high-ranking officials, he said:

“As a new chapter of cooperation has started in Tehran-Rome ties, energy, new technologies, industry, mining, agriculture and culture can be the fields in which Iran and Italy can expand their cooperation”.

Dr Rouhani expressed Iran’s readiness to invite investments and new technologies and start cooperation for production and export of joint productions.

Describing Iran and Italy ties as very historical, he added:

“As Italy was once Iran’s first trade partner among European Union countries, we are sure that in the new chapter, the two countries’ cooperation can be further developed”.

Referring to the necessity of starting joint investments in a number fields of mutual interests, President continued:

“Iran’s special strategic location in the region as the linking point between countries of central Asia, Caucuses and Indian sub-continent implies that it can play the role of a hub for the two countries’ exports”.

Also indicating a more active participation of the two countries’ private sectors in investments, Rouhani stated:

“The governments of Iran and Italy will do their utmost to support private sectors in this regard”.

On the regional peace and security, he said:

“The achievements of the visit to Italy go beyond bilateral significance and can contribute to world peace, security and stability which are the two countries’ main ideals to be met in the region and over the world for the benefit of all”.

(Sources: Office of the Iranian President, Reuters)

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