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Rouhani welcomes Renzi in Tehran

Rouhani welcomes Renzi in Tehran

Bilateral business deals inked on first day of premier's visit

Tehran, 12 April 2016, 21:01

ANSA Editorial

ANSACheck

© ANSA/EPA

© ANSA/EPA
© ANSA/EPA

(By Stefania Fumo).
    Premier Matteo Renzi arrived in the Iranian capital on Tuesday for the first day of a two-day visit to promote business ties between the two countries. He came with a delegation of 147 business executives from 55 Italian firms.
    He met earlier in the day with Iranian President Hassan Rohani and then with Ayatollah Ali Khamenei - an unusual recognition for a Western leader.
    Rohani said he hoped Italy would return to being the country's leading trade partner in Europe now that nuclear-related sanctions have been lifted. "We have signed 36 memoranda of understanding and we want them to become operative," Rouhani said. Renzi's follows on Rouhani's historic visit to Italy in January following the lifting of sanctions related to last year's historic nuclear deal. That visit resulted in the signing of major contracts and bilateral agreements in the minerals, energy and infrastructure sectors as well as a joint commitment to fighting the so-called Islamic State (ISIS) terrorist group. Italy is at the head of the line of countries now clamouring to do business with Iran, which reportedly aims to attract between $30 and 50 billion in foreign investment a year, while Italian exports to Iran could reportedly increase by nearly three billion euros over the next four years. In addition to oil and gas, Italian companies are also looking to branch out into the transport sector. Adequate housing will also be needed to accommodate a marked growth in population - there are currently 77 million Iranians but the number is expected to rise to 100 million by 2050 - with significant room for development forecast in the construction materials and machinery sectors. Meanwhile the government has recently approved a bill ratifying a double-taxation agreement and anti-evasion measures between Italy and Iran. Among the agreements signed Tuesday were deals to exchange university researchers and doctoral students over the next three years, for joint research on experimental physics, and for the sharing of new technology applications in cultural restorations.
    As well, State-controlled rail company Ferrovie dello Stato (FS) on signed a deal with Tehran to build two high-speed rail lines from Tehran to Hamedan and Qom worth some three billion euros.
   

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