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EghtesadOnline: Head of a German trade-investment delegation in a visit to the North Khorasan Province announced that a joint company is to be established in Iran in order to boost trade ties.

“The company would be a facilitator for following the procedures of trade exchanges between Germany and Iran,” Ali Bayat said on Tuesday in a meeting with North Khorasan governor, attended by businessmen from both sides.

Pointing to a visit by the governor, heading a trade delegation, to Germany, he added that to accelerate the implementation of projects in agriculture and new energies sectors, a branch of the company Phoenix is going to be registered in North Khorasan, IRNA reported.

Pointing to a memorandum of understanding signed by the delegation and the Chamber of Commerce of the province, Bayat also expressed hope that the projects would be implemented soon.

The German delegation visited some parts of the province, including the agricultural projects, the suggested sites for constructing solar energy power plants, and some tourist attractions.

Iran-Germany cooperation Iran-Germany trade Ali Bayat Iran's North Khorasan German-Iranian joint venture Phoenix