German Exports to Iran Booming: Report

November 13, 2003 - 0:0
BERLIN (AFP) -- German exports to Iran are booming and could set a new record in 2003, German-Iranian chamber of commerce head Michael Tockuss said in an interview published Wednesday.

"We are heading for a record in 2003," he told the Financial Times Deutschland newspaper, explaining that German exports to the Gulf state had grown by 24 percent in the first half of the year.

Tockuss said total trade volume between the two countries was expected to reach three billion euros (3.48 billion dollars) this year.

He said Germany was Iran's biggest foreign investor and that German companies were in a good position to win infrastructure contracts, notably on a planned Tehran rail transport network.