10 German Industrial Giants Due in Tehran Today

[Aramagedon]

10 German industrial giants due in Tehran today: Official

Sun Jul 19, 2015 7:30AM

Representatives of 10 German industrial giants are due in Iran next will to discuss cooperation with the Islamic Republic.

A senior official at Iran's Oil Ministry says ten German industrial giants along with tens of smaller companies will arrive in Tehran today to discuss economic cooperation following conclusion of Iran's nuclear talks with the P5+1 group.

According to Iran's deputy oil minister for Europe and Americas, Hossein Esmaeili, this will be the first visit to Iran by a high-ranking European delegation subsequent to recent conclusion of Iran's nuclear talks with the six world powers.

Noting that the delegation will be headed by Germany’s Minister for Economic Affairs and Energy Sigmar Gabriel, the Iranian official said, “Ten companies, which are among the biggest German companies, along with tens of smaller ones will send their representatives to Tehran as members of this delegation.”

Esmaili mentioned Linde, Siemens, Mercedes, BASF, Volkswagen Group, and GIZ as examples of big German companies whose representatives will arrive in Tehran next week.

“Necessary coordination has been made with the officials of the Iran Chamber of Commerce, Industries and Mines (ICCIM), as well as private and public sector companies to engage in constructive talks with German delegates,” Esmaili said.

He added that during their stay in Iran, Gabriel and his accompanying delegation will meet and confer with Iran's oil minister; foreign minister; minister of industry, mine and trade; energy minister and members of ICCIM.

Noting that Germany enjoys high capacity for cooperation with Iran in different industrial fields, the Iranian official said, “This visit will be a turning point in the two countries’ relations, which had been lowered for a while due to certain reasons.”

On July 15, Iran's ambassador to Berlin said Germany will become a trustworthy trade and political partner for Iran once anti-Iran sanctions are lifted following a final nuclear deal.

Speaking to Iranian media, Ali Majedi added that before the imposition of sanctions on Iran, Germany was the Islamic Republic’s second largest trade partner.

On July 14, Iran and the P5+1 group of countries – the US, the UK, Germany, France, China, and Russia – reached the conclusion of negotiations over Tehran’s civilian nuclear program, with the Islamic Republic and the sextet sealing an agreement.

Based on the agreement, Iran and the six powers agreed that all economic and financial sanctions against Iran will be removed through a Security Council resolution. In addition, all bans on Iran’s Central Bank, shipping, oil industry, and many other companies will be lifted.

PressTV-“10 German companies in Iran”

 

[Aramagedon]

German, French companies set sights on Iran insurance market

Sun Jul 19, 2015 9:5AM

File photo shows an LPG carrying vessel. Removal of sanctions against Iran will enable European companies to provide insurance converge for Iranian vessels carrying LPG, oil, gasoline, and petrochemical products.

An Iranian official says after the conclusion of the Joint Comprehensive Plan of Action (JCPOA) between Iran and the P5+1 group, European insurance companies have indicated their willingness to work with their Iranian counterparts.

Mina Sediq Nouhi, deputy head of Iran's Central Insurance Authority for reinsurance affairs, was quoted by IRNA as saying that insurance firms from Germany and France have already applied for cooperation with the Iranian insurance industry.

“According to the Joint Comprehensive Plan of Action, after removal of sanctions against Iran, European companies will be able to provide necessary insurance converge for the National Iranian Oil Company, as well as the Iranian vessels carrying liquefied petroleum gas (LPG), oil, gasoline, and petrochemical products,” she added.

The official stated that removal of sanctions will help Iran's insurance firms to go back to its past conditions, adding, “The contents of the JCPOA are such that they cover all aspects of sanctions against Iran's insurance industry.”

“Sanctions imposed by the P5+1 countries had made it impossible for European firms to provide Iran with insurance and reinsurance services, but the JCPOA will do away with those restrictions,” Nouhi said.

The official added that removal of sanctions will also enable European firms to provide insurance coverage for raw materials and other commodities transferred by Iranian transportation system.

On July 14, Iran and the P5+1 group of countries – the US, the UK, Germany, France, China, and Russia – reached the conclusion of negotiations over Tehran’s civilian nuclear program, with the Islamic Republic and the sextet sealing an agreement.

Based on the agreement, Iran and the six powers agreed that all economic and financial sanctions against Iran will be removed through a Security Council resolution. In addition, all bans on Iran’s Central Bank, shipping, oil industry, and many other companies will be lifted.

German economy minister, delegation in Tehran

PressTV-Paris, Berlin eye Iran insurance market

 

[IR-TR]

Let's hope for some manufacturing: VW cars, Mercedes/MAN trucks and what not. Just selling is nice, but not enough. Try to emulate what Turkey has done.

 

[rmi5]

Try to emulate what Turkey has done.

do you mean borrowing loans, building useless malls and buildings, financing and supporting ISIS, screwing currency exchange rates, and making an economical bubble?

 

[IR-TR]

do you mean borrowing loans, building useless malls and buildings, financing and supporting ISIS, and making an economical bubble?

Not called for. And very OFF TOPIC. This topic is about attracting foreign investment and building up an industrial supply chain and factories. Turkey has many auto plants, bus plants and truck plants. Most of which are sold to the EU. Is that bad? Shouldn't Iran try to do the same? Same goes for white goods etc. Keep it on topic, this is the economy we're talking about, not Daesh.

 

[Aramagedon]

Let's hope for some manufacturing: VW cars, Mercedes/MAN trucks and what not. Just selling is nice, but not enough. Try to emulate what Turkey has done.

Bro with all due respect Turkey is/was/will never be our model.

 

[IR-TR]

Bro with all due respect Turkey is/was/will never be our model.

Why not industrial wise? Turkey has done great with it's industry. What did Turkey manufacture in the 60's? or 70's? Now at least it manufactures many cars and whitegoods, furniture etc. I'm not saying Iran pales in comparison, but Turkey is NOT Saudi Arabia or some other incompetent sh!tty country. It tries it's best.

 

[rmi5]

Not called for. And very OFF TOPIC.

What I said is exactly on topic.

This topic is about attracting foreign investment and building up an industrial supply chain and factories. Turkey has many auto plants, bus plants and truck plants.

Iran has the same type of factories, and was even producing more cars before sanctions. what's your point.

Most of which are sold to the EU. Is that bad?

Of course it is bad. They have sold all important healthy producer parts of economy to international institutions and borrowed huge loans with huge trade deficit to import goods, and build useless buildings, which artificially increases GDP, but in fact will enslave Turkish people to International creditors. That's the most unhealthy economic policy.

Shouldn't Iran try to do the same? Same goes for white goods etc.

Of course Not.

Why not industrial wise? Turkey has done great with it's industry. What did Turkey manufacture in the 60's? or 70's? Now at least it manufactures many cars and whitegoods, furniture etc. I'm not saying Iran pales in comparison, but Turkey is NOT Saudi Arabia or some other incompetent sh!tty country. It tries it's best.

Turkish people are now literally enslaved to debts. They are forced to have the highest work hours in large economies of the world, yet a huge part of their wealth is stolen by government in the form of printing lira which is not backed by any real assets which has caused a constant decreasing trend in exchange rate.

 

[IR-TR]

What I said is exactly on topic.

Iran has the same type of factories, and was even producing more cars before sanctions. what's your point.

Of course it is bad. They have sold all important healthy producer parts of economy to international institutions and borrowed huge loans with huge trade deficit to import goods, and build useless buildings, which artificially increases GDP, but in fact will enslave Turkish people to International creditors. That's the most unhealthy economic policy.


Of course Not.



Turkish people are now literally enslaved to debts. They are forced to have the highest work hours in large economies of the world, yet a huge part of their wealth is stolen by government in the form of printing lira which is not backed by any real assets which has caused a constant decreasing trend in exchange rate.

I agree about Iran producing more cars back then, but honestly, most were old peugeots etc. And imported assembly kits. Turkey produces modern cars, and has a huge auto-parts industry. I wish for the same in Iran. That's all.

About the buildings etc, true, but I think you'll see Iran build a lot of them as well. It's not a bad way to boost the economy and move a people closer together in tall buildings. I just hope they build infrastructure to support it all.

And Turkey is very neoliberal. I believe that's the reason it's turned from a poor sh!thouse of a country not 20 years ago into a quite wealthy, modern country. Not everybody has the luxury of being socialist and keep growing.

 

[Styx]

good lets wish best of luck and death of mullahs

yup, things are looking really good for Iran now.. but they must silence the hateful mullah narrative and move toward more integration in the global community

any country with a "supreme leader" can hardly be taken seriously these days, let alone a crazy "supreme leader" that keeps threatening Israel with extinction

I'll say it again, and this will be very unpopular opinion for most but they need to forget about this "palestine" crap, stop the apocalyptic rhetoric, stop the propaganda and hate.. do business with the world, sell your resources freely, develop your industries, develop your military, and most of all develop your society and make loads of money.. and then discuss whatever issues you want addressed like civilized people and the world will actually listen.

down with mullahs, good luck to people of Iran, a golden age awaits.. do not let them **** it up for you.

 

[rmi5]

I agree about Iran producing more cars back then, but honestly, most were old peugeots etc. And imported assembly kits. Turkey produces modern cars, and has a huge auto-parts industry. I wish for the same in Iran. That's all.

They both, were just importing kits from different countries. Nothing more nothing less. Fortunately, Iranian car producers are forced to make their own brands which is a step forward.

And Turkey is very neoliberal. I believe that's the reason it's turned from a poor sh!thouse of a country not 20 years ago into a quite wealthy, modern country. Not everybody has the luxury of being socialist and keep growing.

No, she is not liberal(not economically neither politically nor culturally), neither wealthy nor modern. Sorry dude, but you don't know much about economy. Turkey is on the typical path of credit based bubble economies. If you are looking for a healthier economy, look at Germany.

 

[Providence]

do you mean borrowing loans, building useless malls and buildings, financing and supporting ISIS, screwing currency exchange rates, and making an economical bubble?

No. It is about 90% about attracting foreign investment which will on the contrary strengthen your currency and 10% about looks. The investors coming to Iran need to stay some where and hang around in some corner right ?

 

[IR-TR]

They both, were just importing kits from different countries. Nothing more nothing less. Fortunately, Iranian car producers are forced to make their own brands which is a step forward.

No, she is not liberal(not economically neither politically nor culturally), neither wealthy nor modern. Sorry dude, but you don't know much about economy. Turkey is on the typical path of credit based bubble economies. If you are looking for a healthier economy, look at Germany.

I'm sorry, but that's not true. Sure Turkey makes mistakes (Erdogan), but all in all, it's in a MUCH better place than it used to be fifteen years ago (trust me, I'm a frequent visitor). I won't compare Iran with Turkey, because one has a FTA and then some with the EU, the other is sanctioned by pretty much the whole world.

Iran will get it's day in the sun if things stay calm and are managed well.

 

[rmi5]

No. It is about 90% about attracting foreign investment which will on the contrary strengthen your currency and 10% about looks.

TR Lira-USD exchange rate, data from Bloomberg:

The investors coming to Iran need to stay some where and hang around in some corner right ?

The point is that "Foreign Investment" is a vague term. It can be useful if it gets directed to oil sector, steel production, car industry, ... But, with an unhealthy policy like Turkey, it can cause huge damages.

 

[BordoEnes]

They both, were just importing kits from different countries. Nothing more nothing less. Fortunately, Iranian car producers are forced to make their own brands which is a step forward.

No, she is not liberal(not economically neither politically nor culturally), neither wealthy nor modern. Sorry dude, but you don't know much about economy. Turkey is on the typical path of credit based bubble economies. If you are looking for a healthier economy, look at Germany.

Sorry but thats highly exaggerated. Though taking loans played a huge part in Turkey development and industrilization, its was the will and planning behind it that really made us into a booming economy. Every nation on earth takes loans, and i can bet all my possesions that Iran will do the same, its neccesary for giving the economy a boost. The problem with such policy is when you go ape-sh!t and take loans and all the while spending it on some BS that will probably never benefit the country in anyway (Greece....). Turkey's national debt is about 40% which is extremely sustainable. As a result however its national GDP nearly reached the magic benchmark of 1 trillion. There is no bubble, thats for banana republics who takes loans and not using it wisely.

No. It is about 90% about attracting foreign investment which will on the contrary strengthen your currency and 10% about looks. The investors coming to Iran need to stay some where and hang around in some corner right ?

For investments to floot into Iran there needs to be proper infrastructure or else thats just a pipe dream. Honestly i am happy for Iran and i hope all the best for the nation however they need to have change in both policy towards investors and build the infrastructure to make the country look attractive, which as a said would probably be build with help of Loans (Its essentially an investment for the future and development of the Country). its still in the "Resistance Economy" mode which is probably the reason why we wont see any big changes for atleast a year.