Iran's ministry of industry, trade and mine described the 300 million dollar trade volume between Iran and Sweden as insignificant. "Due to long history of relations between the countries, there is the potential for joint cooperation and we can act as a hub for the Sweden in the Middle East region.
In his meeting with the Swedish minister of energy and environment and the delegation, Mr. Nematzadeh, said that Scania AB maintained its collaborations with Iran even during the unjust sanctions.
"Iran is ready for long term cooperation and joint investments for domestic consumption as well as export", he added.
Mr. Nematzadeh said, "We have a high potential in automotive components manufacturing which needs to be modernized and we can cooperate in steel industry as well". Referring to the importance of banking and export insurance issues, Mr. Nematzadeh pointed out that if any foreign company enters Iran with its own brand, it can enjoy tax exemption for half of its products for a period of five years.
Referring to his country's willingness for long term joint cooperation, Mr. Ibrahim, Baylan, minister of energy and environment of Sweden, said that, all Swedish companies pay special attention to CSR issues. "There is a good opportunity for cooperation with Iran especially in energy and transportation sectors", added Mr. Baylan. He said that his country aims to further invest in Iran.
Also at the meeting, representatives of large industrial firms of Sweden like Scania AB and Volvo shared views on establishing joint cooperation with Iranian companies.