Chairman of Tehran Chamber of Commerce, Industry and Mine Masoud Khansari made the remarks in a ceremony held on Monday to sign a Memorandum of Understanding (MoU) between Tehran and Vienna chambers in Tehran.
The volume of bilateral trade between Iran and Austria is now 377 million euro per year, Khansari said.
According to IRNA, Iran and Austria enjoy extensive economic and trade ties but sanctions had decreased the volume of relations.
Due to sanctions imposed on Iran by the West, trade transactions between Tehran and Vienna declined from $818 million to $312 million in 2011-2015, latest statistics reported.
EghtesadOnline: Iran has attracted 11 billion Euro foreign investment after the implementation of the Joint Comprehensive Plan of Action (JCPOA), an official said.