Agreements allowing for economic cooperation with Iran

Iran's foreign minister, Mohamad Javad Zarif and Foreign Minister Børge BrendeOslo (2016-06-13) .Iran's foreign minister, Mohamad Javad Zarif and Foreign Minister Børge Brende.Photo: Håkon Mosvold Larsen / NTB scanpix

Export Credit Norway and the Norwegian Guarantee Institute for Export Credits (GIEK) has signed memoranda of understanding with Iran to facilitate economic cooperation between the two countries.

The agreements were signed in Tehran on Wednesday morning and allow the Export Credit Norway and GIEK to contribute to and facilitate increased trade with Iran.

Export Credit Norway and GIEK have received an increasing number of inquiries from Norwegian exporters after the sanctions against Iran were lifted earlier this year.

– From the Norwegian side, we want greater trade with Iran and improved access for Norwegian industry. The agreement is now concluded, helping facilitation in this by providing Norwegian exporters equally good competitive conditions as other countries’ exporters, said Mr Brende.

Tripartite agreements are a so-called Memorandum of Understanding (MoU). The agreements have been concluded with the Export Guarantee Fund of Iran (EGFI) and Organization for Investment Economic & Technical Assistance of Iran (OIETAI).


Source: NTB scanpix / Norway Today