Arab Today, arab today austria signs business deals with iran during presidents visit
Last Updated : GMT 14:13:09
Arab Today, arab today
Arab Today, arab today

Austria signs business deals with Iran during president's visit

Arab Today, arab today

Arab Today, arab today Austria signs business deals with Iran during president's visit

President Heinz Fischer
Vienna - XINHUA

An Austrian delegation led by President Heinz Fischer concluded a three-day official visit to Iran on Wednesday, signing a number of business deals along with academic agreements to boost bilateral cooperation.

As part of the first visit to Tehran from an EU head of state since 2004, Fischer's visit signalled a further thawing of relations between Iran and the West, particularly since Iran came to agreement to curb its nuclear program as part of a nuclear deal reached with world powers in July.

The visiting delegation had a strong business contingent, including companies such as OMV, Raiffeisen and Erste Bank.

Media reported that industry deals in areas such as engineering and car parts were signed to a value of 80 million euros (about 89.6 million U.S. dollars).

Fischer said at a joint press conference with Iranian President Hassan Rouhani on Tuesday that he expected a 300-million-dollar boost to trade between the two nations in the short term, with an expansion in both economic and political cooperation to follow thereafter.

The Austrian president showed his willingness to visit Tehran as the first western states leader last year.

President of the Austrian Federal Economic Chambers (WKO) Christoph Leitl said the 15 signed deals and memoranda of understanding would comply with the current sanctions still in effect.

Applicable companies would wait for the nuclear agreement to come into effect and sanctions to be lifted, and some were in Iran only to make contacts for potential future business dealings, Leitl said.

The WKO estimated that trade volume between the two nations could reach one billion dollars by 2020.

Scientific and academic cooperation between the two countries was also high on the agenda, with Austrian vice-chancellor and minister for science and research Reinhold Mitterlehner meeting with Iranian counterpart Mohammad Farhadi on Wednesday.

The two ministers signed 13 new cooperation agreements concerning research and tertiary education.

He said the nuclear deal would now provide a chance for "deeper relations between the two countries," Austria Press Agency reported.

Mitterlehner also noted that there are currently over 1,700 Iranians studying at Austrian tertiary institutions, and that he hopes this exchange can be expanded further.

The Austrian visit had been subject to some criticism, notably from one of the vice presidents of the European Jewish Congress, Ariel Muzicant, who prior to the visit said the high-level Austrian delegation would be "shaking hands with murderers."

Under the comprehensive deal agreed by Iran and six world major countries on July 14, Iran would improve the transparency of its nuclear plan while freezing some of its nuclear activities in exchange for sanction relief.

A number of Western countries' officials have recently visited Tehran, trying to thaw the ties following the nuclear deal.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today austria signs business deals with iran during presidents visit Arab Today, arab today austria signs business deals with iran during presidents visit

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday