Italy Opens $100m Credit Line for Iran
December 11, 2000 - 0:0
TEHRAN Italian credit company Texco here Sunday signed an agreement with the Exports Guarantee Fund of Iran (EGFI) to provide the latter with a $100 million credit for import of raw materials and intermediate parts from Italy.
The Public Relations Department of the EGFI said that the agreement was signed by Franco Fenli, managing director of the Italian company and head of the EGFI Hossein Karbalaei.
The agreement calls on the Italian company to supply the credit within 30 days of the ratification of the contract.
The import of raw material and intermediate goods are for the purpose of production and export of Iranian goods.
(IRNA)
The Public Relations Department of the EGFI said that the agreement was signed by Franco Fenli, managing director of the Italian company and head of the EGFI Hossein Karbalaei.
The agreement calls on the Italian company to supply the credit within 30 days of the ratification of the contract.
The import of raw material and intermediate goods are for the purpose of production and export of Iranian goods.
(IRNA)