At a conference for introducing investment opportunities for Spain and Italy in Iran, Pierre D'agata said: "Many ambiguities and doubts particularly in banking sector raised about making Italians' investment in Iran, but they have been eliminated."
He asserted that simply 7 percent of trade and banking ties between Italy and Iran will fall into category of imposed sanctions but the other 93 percent is free: "Within today and tomorrow the opportunities for investment in Iran will be introduced both in Milan and Rome."
Secretary-General of Iran-Italy Chamber of Commerce added: "Earlier Iranian economy delegation introduced such opportunities to Spain, even before that they informed South East Asian countries including China about such occasions."
He referred to the growing economy of Iran and notified: "If Italians withdraw from activity in any sector in Iran, they will be immediately replaced by the other economic activists from countries including China and South Korea."
Indicating to the figures released by International Monetary Fund on the Iran's potential for controlling inflation in the country which reduced from 7 to 9 percent in the years 2009 to 2010, D'agata pointed out: "In terms of investing on the infrastructures, Iran has enjoyed a considerable growth which reveals the attempts made by Iranian government to lower dependency on oil revenues and moving toward other types of products."
Secretary-General of Iran-Italy Chamber of Commerce went on to say that with exporting 18 percent of the total exports of European Union to Iran Germany is the first European trade partner of Iran and in this term and Italy comes second, however he maintained: "Italy is making effort to be the first."
Earlier as Iran was targeted by the economic sanctions of the United States and EU over following its nuclear activities, financing trade plans by international banks became more complicated. For instance, according to Reuters, Italian Intesa SanPaolo had suspended financing Iranian oil trading deals, becoming the last Italian bank to bow to pressure from the United States to cut ties with the Islamic Republic.
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