Swedish Business Delegation to Visit Tehran Next Week

EghtesadOnline: A business delegation from Stockholm, the capital of Sweden, is scheduled to visit Tehran Chamber of Commerce, Industries, Mines and Agriculture on April 18, the chamber’s news portal reported.

News ID: ۷۸۲۲۴۳

10 April 2018

The Swedish delegation consists of economic players in the fields of financial services, investment, insurance, health, renewable energy, ATM production, bank card issuance, project management, software, management consulting and training courses.

On Wednesday, a host of high-level officials with the Central Bank of Iran met with their counterparts in Tehran to discuss ways of improving banking relations.

“The participation of Swedish truck manufacturing companies in the mega project of renewing Iran’s fleet can mark the resumption of correspondent banking relations between the two countries,” CBI Governor Valiollah Seif told Stefan Ingves, governor of Sveriges Riksbank, the central bank of Sweden.

“Renewal and development of Iran’s fleet have the capacity of about €5 billion in investments during the next three years. If the Swedish side finances this project, it would also open the way for banking links, in addition to developing bilateral business cooperation,” Financial Tribune quoted him as saying.

Volvo Trucks has made its comeback to Iran through a joint venture deal with SAIPA Diesel, a subsidiary of SAIPA that produces heavy and light vehicles. The Gothenburg-company and the Iranian automaker have a three-decade history of collaboration.

Scania has been one of the few international heavy vehicle manufacturers that did not walk away when sanctions were imposed on Iran and continues its collaboration by delivering trucks to Iran.

Latest figures from the Islamic Republic of Iran Customs Administration show Iran’s exports to Sweden amounted to about $16 million during the 11 months to Feb. 19, while the European country exported $656 million worth of goods to Iran in return.