“Italy and Iran have signed a deal which could see investment in Iranian projects worth $2 billion. The agreement aims at reviving trade and economic ties between the countries after Western sanctions against Tehran are removed. The countries plan joint industrial, construction and infrastructure projects, and have already agreed on expanding commercial transactions and promoting relations. The Italian bodies signed a memorandum of understanding in Tehran with Iran’s economy ministry and central bank. The parties expect a €3-billion increase in Italian exports to Iran in the next three years, mostly in the mechanical engineering, energy and transport sectors.”
http://www.rt.com/business/311672-italy-iran-investment-relations/
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