Denmark’s Exports to Iran Rise by 66%

Denmark’s Ambassador to Iran Danny Annan said his country’s exports to the Islamic Republic jumped by 66 percent in the 17 months ending May 31, 2016.

“Bilateral trade is really blooming,” Annan said as cited by PH Post on Tuesday.

“If you look at the first five months of 2016 and the total result of 2015 so far, there has been a 66 percent increase in Danish exports to Iran. It is my clear expectation that our bilateral trade will continue to the benefit of Iran and Denmark,” he added.

Annan said the area where the country has the highest amount of trade is in pharmaceuticals.

“…54 percent of Danish exports to Iran is pharmaceuticals,” he stated.

“The biggest pharmaceutical company in Denmark, Novo Nordisk, is investing $80 million to build a factory in Iran. At the moment, they have about 170 employees and the number will more than double in the coming years. Other Danish companies are in the process of establishing themselves in Iran. That will help contribute to Iran’s growth and job creation.”

Elsewhere in his remarks, the Danish envoy said the two countries also plan to cooperate in the areas of water tech and food production.

“We all know there is not enough water in Iran … in Denmark, it rains all the time, and we have plenty of water. Even with all the water, we have developed very good technology for using it in the most efficient way,” Annan said.

“Food production is another area we have talked about before. Machinery, equipment and ingredients are good areas for co-operation.”

Last year in late October, Iranian President Hassan Rouhani in a meeting with Annan underlined that the country is willing to boost cooperation with Denmark in all political and economic spheres.

“Tehran welcomes promotion of cooperation and relations with Copenhagen in all areas,” he said.

President Rouhani further pointed to Iran’s excellent conditions for business and the country’s educated manpower, saying that the Islamic Republic is located at the center of a large market in the Middle East and this can be used as an opportunity to boost investment and economic ties between the two countries.

(Source: Tasnim, under Creative Commons licence)

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