After the Iran Nuclear Deal was signed, the ink was barely dry before Germany and other western countries were meeting for trade negotiations as a result of the sanctions being lifted. On July 14, 2015 the deal was finally reached. Less than a week later German Economy Minister, Sigmar Gabriel, was already in Tehran purportedly to symbolize the future partnership. The following week France’s Foreign Minister, Laurent Fabius, met with Iranian leaders in Tehran to also revive relations.
It has been reported that the main task of such agreements was to revive past trade and banking relations, which free up money transfers and other financial tools in order for several billion-dollar projects to be financed. This bodes well for Iran as the influx of trade and cash will give Iran access to countless resources.
While many western countries publicly demand that Iran improve its relation with Israel, it seems as though the potential money to be made simply outweighs their concern over the safety of the Jewish state.
In an interview with DW, Daniel Bernbeck, a German business representative in Tehran, said:
The old trade relations between Germany and Iran will be revived. These are mainly related to mechanical engineering and parts deliveries for the car industry. To some extent it will also include raw materials for the chemical and pharmaceutical industry and medical technology. The printing industry will also benefit from the lifting of the sanctions. But the mechanical and plant engineering will be the focus of the new ties. These sectors have been hit hardest by the sanctions and will also benefit the most from the agreement.
Read more on DW.
This post may contain affiliate links. Meaning a commission is given should you decide to make a purchase through these links, at no cost to you. All products shown are researched and tested to give an accurate review for you.