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An Iranian delegation headed by Salehinia visited the International Biennial Exhibition of Automotive Equipment and Accessories Autopromatec 2019 kicked off in Italy’s Bologna where the Iranian side met and held talks with the president of Italian Parts Manufacturers’ Association and chairman of Autopromatec Exhibition on the first day of the event.
Autopromatec 2019 kicked off on May 22 with the participation of 32 countries and more than 1.500 small- and medium-sized enterprises (SMEs) in the field of manufacturing automotive parts and after-sales services. More than 30 automotive parts manufacturing companies participated in this event and showcased their latest achievements to visitors.
During the meeting. the Iranian and Italian parts manufacturing companies promised to enhance their cooperation in relevant field.
It was agreed that parts manufacturers of the two sides provide their required parts within the framework of bartering method.
Early in this month. Italian Deputy Foreign Minister Manlio Di Stefano. in a meeting with Iranian Deputy Foreign Minister for Economic Affairs Qolamreza Ansari. underlined that his country is reviewing details for joining the Instrument for Supporting Trade Exchanges (INSTEX) mechanism designed to bypass the US sanctions against Tehran.
During the meeting on May 07 in Rome. Manlio Di Stefano said that Italy was interested in the EU`s trade mechanism and was considering the details to join it. stressing the importance of the nuclear deal and the need for the signatories to fulfill their obligations.
We are focusing on small and medium-sized enterprises. and we want to provide aid for the Italian companies willing to cooperate with Iran and based on this. the best way to support the companies is through the INSTEX mechanism. Di Stefano added.
Ansari. for his part. stressed the need for the nuclear agreement`s sides to fulfill their commitments and called the formation of the financial mechanism. INSTEX. as a practical measure in line with the commitments of the European parties.
Ansari also expressed hope that by joining other business parties such as Italy to this mechanism. the trade process of two countries will return to the previous trend.
He also stressed the importance of paying attention to small and medium-sized enterprises. and described as vital their role in developing economic relations between the two key countries.
