The latest surprising trend in German-Iranian trade comes amid intense American and Israeli arm-twisting to force Berlin to reduce its business ties with Iran over the ongoing nuclear row with Iran.
German companies have stepped up their criticism of the German government for backing UN financial sanctions against the Islamic Republic of Iran, saying their business interests have been severely affected by the controversial political move.
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Iranian exports to Germany rose 50% in 2007
- Iran: Saturday, January 12 - 2008 at 11:13
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Iranian exports to Germany were up 50 per cent in 2007 to reach 580m euros, the business daily Handelsblatt reported. It cited the German Office for Foreign Trade as saying that although German exports to Iran dropped for the second consecutive year, imports from Iran have risen almost 50 per cent over the past year. Meanwhile German exports to Iran fell 15 per cent last year to around 3.5bn euros.
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Amena Bakr, Senior ReporterSaturday, January 12 - 2008 at 11:13 UAE local time (GMT+4)
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