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Switzerland's MSC - the world's second largest shipping company - plans to expand its services to Iran.

Iran said on Sunday that the world’s second largest shipping company MSC from Switzerland will soon expand its services to the country’s ports.

Iran’s Ministry of Roads and Urban Development in a statement said an agreement had been signed with the MSC by means of which the global shipping giant will increase calls to Iran’s Bandar Abbas, Chabahar and Bandar Imam ports.

The agreement – that has been signed with the Ports and Maritime Organization Iran - will also facilitate the shipment of Iranian goods from international ports to the country through MSC.   

This came at a time that Swiss President Johann Schneider-Ammann is in Iran on a landmark three-day visit.   

The media reported in January that the MSC had started calling at the country’s southern ports after a hiatus of six years.

This came after an MSC container ship has docked at Shahid Rajaie port in the Persian Gulf coastal city of Bandar Abbas.

Iran’s shipping industry became the target of a series of US-led sanctions over the past few years that disrupted the traffic of ships to the country’s ports.

Those sanctions were officially removed last July when Iran and P5+1 group of countries – the five permanent members of the Security Council plus Germany - marked a milestone with their conclusion of nuclear negotiations.

Iran relies on container and bulk carriers to transport much of its basic needs, including food and consumer goods. Those willing to risk the liability associated with the Iran trade faced further deterrents as they could not get insurance coverage.

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Finland official said on Saturday that companies active in the fields of clean technologies, renewable energy and water and waste water industry are to visit Iran to consider grounds for investment and joint cooperation.
[Finland keen on investment in clean technology, environment in Iran]

Project Director of Finland Trade Development Organization Luta Iroma said that Minister of Agriculture and Environment of Finland Kimmo Tiilikainen is heading for Tehran leading a Finland delegation. They will arrive in Tehran later in the day.
The Finland minister is to discuss development of export to Iran in the fields of clean technologies, renewable energy, and agricultural technology and food industries.
Iroma said that Tiilikainen will attend Tehran International Environment Exhibition 2016 and is to deliver speech in opening ceremony.
During his stay, the minister will meet with Vice-President and head of Department of Environment (DoE) Masoumeh Ebtekar and sign cooperation agreement on environment.
The Finnish official said that 18 Finland companies will attend the exhibition and present their achievements and capabilities in the field of clean technologies, among them two companies are active in food products, including dairy industry and baking sweets.
He said that some of the companies have already been in Iran and are keen on joint venture investment in Iran and some other companies intend to evaluate market and consider opportunity for joint venture cooperation.
The 15th Tehran International Environment Exhibition will kick off on Monday February 29. It will work until March 3rd.

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Italian Prime Minister Matteo Renzi says he will visit Tehran in April after Iranian President Hassan Rouhani’s trip to Rome last month.

Renzi made the announcement at a new conference in Rome on Monday. Iran and Italy signed deals worth up to 17 billion euros ($18.42 billion) during Rouhani's 48-hour stay in Italy.

The premier said then that business agreements Italy signed with Iran were "just the beginning" for the two countries.

Rouhani headed a 120-strong delegation of business leaders and ministers, signing a pipeline contract worth between $4 billion and $5 billion for oil services group Saipem.

Italian steel firm Danieli signed up to 5.7 billion euros in contracts while business for infrastructure firm Condotte d'Acqua inked up to 4 billion euros.

The two countries further signed an agreement to expand and modernize Iran’s rail network.

The agreement, signed during Italy's Minister of Infrastructure and Transport Graziano Delrio’s visit to Tehran earlier this month, envisages developing high-speed rail links.

As part of the agreement, Italy's state railway company Ferrovie dello Stato (FS) will provide Iran's RAI railway company with 5 billion euros ($5.65 billion) in export credits.

Italy was one of Iran’s leading economic and trade partners before sanctions when annual exchanges amounted to 7 billion euros compared with $1.6 billion euros now.

Italian Deputy Economic Development Minister Carlo Calenda led a large trade delegation to Tehran in November, representing 178 companies, 20 business associations and 12 banking groups.


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