Addressing a gathering of Iranian-German industrialists on Monday, Vice Chairman of the Industrial Development and Renovation Organization (IDRO) Saeed Faeghi said the share of German machines in Iran was 40 per cent in the past while it has deteriorated to 3.5 per cent at the moment; “although many European countries have announced readiness to do business with Iran, the Germans still subject bilateral trade cooperation to the removal of sanctions,” he noted.
“We have been trying to collaborate with well-known German companies for one year while some offer high quality products for high prices,” said Faeghi adding “high quality does not mark a good reason for high prices due to the ongoing competition in the market.”
He further emphasized that, “Germany’s competitors who had replaced the country during sanction years are en route to Iran and some have even opened their finances being eager to invest and participate in Iran while Germans are still doubtful about the lifting of sanctions.”
