Reporting "Asre Khodro", The deals, including 8 cooperation agreements in automotive, steel, medicine, and engineering, were signed by ICCIMA President Mohsen Jalalpour and WKO President Christoph Leitl, the IRNA news agency reported.

On the sidelines of the ceremony, Jalalpour expressed the Iranian private sector’s willingness to boost cooperation with Austrian companies. In this line, an export guarantee deal will be signed between banking sectors of the two sides, he added.

In September 2015, Austrian companies signed a series of deals worth $89 million with Iranian partners at an economic forum in Tehran, becoming the first Western firms to put down concrete stakes in the Islamic Republic since it reached a landmark nuclear deal with big powers in July 2015.

It was part of a three-day visit by Austrian President Heinz Fischer to Tehran. “We expect to boost our volume of trade to 300 million euros in the short term, and we then look forward to markedly increasing our economic relations,” Fischer said in a joint news conference with his Iranian counterpart Hassan Rouhani.

The WKO said trade ties could hit 1 billion euros by 2020.

Source: tehrantimes.com