European Union External Action

European Union deepens economic cooperation with Iran – expert visit to Tehran

Bruxelles, 22/07/2016 - 00:00, UNIQUE ID: 160722_02
Press releases

A delegation of European Union officials visited Iran from 11-14 July to discuss deeper cooperation in the fields of economic policy, trade, investment and finance.

The European Union is the largest integrated market in the world, comprising over 500 million people and represents a major opportunity for two-way economic and investment flows.

The visit was led by Eric Mamer, Director at the European Commission Directorate General for Internal market, Industry, Entrepreneurship and SME's. Meetings were held with counterparts in the Iranian administration, including the Ministry of Industry, Mines and Trade; the Ministry of Economy and Finance; the Central Bank; the Customs administration and the Iranian Chamber of Commerce. Members of the EU delegation also included officials from the Commission services for Trade, Economy and Finance, Taxation and Customs, External  Action Service and representatives from the European Central Bank and the European Investment Bank.
As recently stated by the High Representative, Federica Mogherini, at the time of the high level visit to Tehran on 16 April, the European Union actively supports Iran's integration in the world economy and its membership in the World Trade Organisation. During the current visit and as a follow up to the joint statement by the High Representative and Foreign Minister Zarif, it was agreed to initiate a broad based industrial dialogue to be launched on the occasion of a “European Economic Mission” to Teheran, planned for 17-19 October, to be led by EU Commissioner Elzbieta Bienkowska, together with representatives of European Business associations. This dialogue could cover a number of key sectors of mutual interest such as textile, automotive, raw materials, tourism and construction, but also horizontal issues like business environment and SME Development. In addition, a regular macro-economic dialogue is envisaged with the Ministry of Economy and Finance."