World  Business and Economic Analysis 



German Prime Minister of Lower Saxony Stephen Weil, leading a business delegation, arrived in Tehran on Saturday to discuss expansion of mutual economic relations with Iran, Hamburger Abendblatt reported on Saturday.

Weil is in the Iranian capital to meet Iranian Ministers of Science Mohamamd Farhadi and of Industry Mohammadreza Nematzadeh.
As the German media reported, the SPD politician is the first German Prime Minister who wants to advertise for new business relations between the two countries in Iran as of Iran’s nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), with P5+1 in June, 2015.
The agreement, which led in removal of unfair anti-Iranian financial sanctions during the past months, has triggered many European countries, including Germany as one of the most prominent European economic powers, to compete for finding even a small share in the booming Iranian market.
During the past months, Iranian and German officials as well as businessmen have visited each other’s countries to investigate warmer future relations in different fields.  
Last week, Iran and Germany signed a memorandum of understanding (MOU) in the field of veterinary health and medicine.
“A special task force, comprised of Iranian and German officials is formed to vet expansion of further mutual agricultural cooperation,” Iranian Agriculture Minister Mahmoud Hojjati told reporters on the sidelines of his meeting with the visiting German economic delegation in Tehran past Sunday.
An economic delegation including 20 top German officials headed by the country's Agriculture Minister Christian Schmidt arrived in Tehran last week to confer bilateral agricultural cooperation and in particular future joint agro-venture during a two-day visit.

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