[Realite-EU-UK] Germany is Iran's number one trading partner. German companies have continued to invest billions of Euros in Iran over the past decade, and the German government supports those investments through public subsidies. "Some two-thirds of Iranian industry relies on German engineering products," said Michael Tockuss, former president of the German-Iranian Chamber of Commerce in Tehran. "The Iranians are certainly dependent on German spare parts and suppliers." Five thousand German companies do business with Iran, a third of which have a representative or a mission in Iran. "German companies are trying now, as much as possible, not to publish their contracts with Tehran," the German business paper Handelsblatt wrote in January 2007.
2007-09-20 01:00:00Full ArticleBACK Visit the Daily Alert Archive