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  • Iran, Italy Ink 6 Agreements to Develop Ties

     

     High-ranking officials from the private and public sectors of Iran and Italy signed 6 memorandums of understanding (MoUs) to boost cooperation in various economic, political and cultural fields.

    The documents were signed in a ceremony in Tehran on Tuesday with Iranian President Hassan Rouhani and Italian Prime Minister Matteo Renzi in attendance.

    The agreements cover a wide variety of fields ranging from cultural activities, tourism, and renewable energy resources and automotive industry to road and rail transport.

    An MoU was also signed between the National Iranian Gas Export Company (NIGEC) and Eni, Italy’s largest oil and gas company to boost cooperation.

    Heading a 250-strong business delegation, Renzi arrived in Tehran earlier on Tuesday to discuss ways to improve mutual economic cooperation between Tehran and Rome.

    The agreements come against the backdrop of a new wave of interest in ties with Iran after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear agreement on July 14, 2015 and started implementing it on January 16.

    The comprehensive nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), terminated all nuclear-related sanctions imposed on Iran.

  • Italian Banks Shows Readiness For Financial Transactions With Iran



    Commenting on the latest business developments between the two sides, he said, "Regarding banking transactions, five or six second or third tier banks have begun dealings with Iranian entities. But as long as the concerns of major international banks wanting to deal with Iran are not removed, these visits of foreign delegations will not bear fruit," Pourfallah said in an interview.
    Giving some numbers on the foreign trade missions that have visited Tehran so far, he said, "Nearly a thousand business and trade representatives have come to our country, which is a record. Moreover, Italy is the leading country in signing accords and letters of intent."
    The first edition of the Iran-Italy Business Summit was held earlier this month in Tehran in the presence of a large delegation of Italian business leaders.
    The meeting brought together key Italian and Iranian corporate and institutional stakeholders, leading economists and opinion-makers to help build an influential community of business leaders willing and able to enhance the close ties that marked the history of the two nations.
     

    It is often heard that the foreign delegations come and go but nothing concrete happens, Pourfallah noted. "But in my opinion, after eight years [of sanctions] that we were cut off from the global economy, these visits were crucial and also necessary for both sides to be able to reconnect."
    Henceforth "we should show solidarity and speak with one voice. We must insist on reaping the benefits that we anticipated when signing the nuclear agreement, and should not back down until we can find our way back to the global economy.''
    True, foreign businesses are keen on reconnecting with Iran, but there are concerns regarding their future which has led to much hesitation and contemplation on their part, the official noted.
    He warned of the consequences that "we will face should we not follow up on the accords that we envisaged" would follow the historic deal with the six world powers.
    If things do not move on the right trajectory between Iran and the outside world "The number of business delegations travelling to Iran will gradually shrink and we will be back to square one – a sort of island disjointed from the rest of the world."
    Iran has made known at the highest level of government that it wants to re-establish mutually-beneficial business with the comity of nations sooner rather than late. However, some legal hurdles still exist in the way of normalcy between western banks and Iranian businesses, namely the remaining US sanctions unrelated to alleged human rights violations and terrorism charges.

  • Italian company to build 50 MW solar power plant on Iran’s Qeshm island






    The Italian company of Carlo Maresca S.p.A. is to build a 50-megawatt solar power plant on the southern Iranian island of Qeshm due to its signed agreement with the Qeshm Free Zone Organization, ISNA reported on Sunday.

    The deal was signed between Fabio Maresca, the chairman of the Italian company, and Hamidreza Mo’meni, the head of Qeshm Free Zone Organization, on the sidelines of Italian Prime Minister Matteo Renzi’s visit to Iran.

    Underlining the new round of bilateral economic relations between Iran and Italy, Mo'meni noted that the government seeks to improve the southern island via expanding macro-economic activities there and reinforcing its infrastructure including construction of the intended solar power plant.

    Maresca, for his part, vowed that his company will complete this project in eight months.

    Heading a 250-strong political and economic delegation, Renzi arrived in Tehran in last Tuesday, making him the first Italian official in such capacity to visit Iran since 2001.

    Parts of the delegation were Italian ministers of infrastructure and transport; economic development; and agriculture, food and forestry policies. Businessmen and personalities from Italy’s public and private sectors were also accompanying Renzi in the visit.

    Representatives from Italy’s private sector signed several memoranda of understanding with their Iranian counterparts, boosting ties in various sectors including textile, oil, energy, steel, telecommunications, aviation, medicine, and etc.

کتاب عملیات بانکی در عرصه بین الملل -سرفصل ها،ضمائم ،توصیه صاحب‏نظران ارزی و مدیران ارشد بانکی

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