TEHRAN – Heads of the Iran-Italy Joint Chamber of Commerce have stressed the need for expansion of trade ties between the two countries' private sectors, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

The Iranian Chairman of the Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah met with his Italian counterpart Giuseppe Zampini on Tuesday to discuss ways of expanding bilateral ties.

In this meeting, which was the first meeting of the two chairs after the election of Zampini as the President of the Italian-Iranian Chamber, the two sides, while examining ways of closer economic relations, emphasized the continuation of bilateral cooperation and decided to have more meetings and talks in the near future.

Zampini is the CEO of Ansaldo Energia, which is one of the largest companies active in the field of manufacturing gas and hybrid power plants in the world. Ansaldo Energia has built several such power plants in Iran.

Back in April, Pourfallah has said Italian companies are still eager to engage in trade with Iran and are preparing to return to the Islamic Republic market.

“Many Italian companies are preparing to re-enter Iran after the sanctions are lifted and, in this regard, we have advised the 5000 members we have in the Iran-Italy Chamber of commerce to be prepared as well,” the official said.

In the previous period, unfortunately, we were not prepared and could not benefit from the opportunity created by the arrival of various business groups from Europe, especially Italy and Germany, the official regretted.

“After the lifting of the previous sanctions, we saw the largest presence of Italian businessmen in Iran. Even the first high-ranking political figure to come to Iran was the Italian Foreign Minister, and the Italian Prime Minister also visited Iran; this shows how much Italy is interested in collaborating with Iran,”

“For many years, Italy was our first trading partner and the only European country with which our trade balance was positive,” he added.

Mentioning the potential impact of the lifting of sanctions on trade between the two countries, the official said: "It is expected that immediately after the lifting of sanctions, Italian companies and entrepreneurs will flock to the Iranian market."

In response to a question about the number of Italian companies ready to enter the Islamic Republic, he said: "We do not have specific statistics on the number of Italian companies that have announced their readiness to pursue their activities in Iran, but all Italian and Iranian members of the joint chamber in Rome, which are more than 105 companies, are ready to resume their activities in Iran."

Regarding Iran's blocked resources in Italy, Pourfallah said: "According to the latest official data, we do not have a large amount of money blocked in Italy and the figure is lower than Iran's frozen assets in many other countries."

“We have never had a problem with Italy on this issue like other countries,” he stressed.

EF/MA