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France, Iran sign multi-billion dollar trade deal

French President Francois Hollande (R) welcomes Iranian President Hassan Rouhani (L) at Elysee Palace in Paris, France on January 28, 2016.

France and Iran heralded a sequence of major offers considered value billions of bucks on Thursday as the 2 countries resealed trade ties following the lifting of sanctions towards Tehran.

Iranian President Hassan Rouhani, visiting Paris as a part of a tour that noticed him cease in Rome past in the week, oversaw the signing of agreements in aviation, automotive manufacturing, oil and agriculture among other sectors.

“We Are ready to turn the page on a new relationship between our international locations,” Rouhani said in a speech to a Franco-Iranian discussion board on the headquarters of the Medef trade federation.

“France has introduced that it is ready to once once more enter Iran with a new energy and a brand new will. We Have Now also come here these days to welcome French entrepreneurs, investors to begin economic activities in Iran.”

Among The Many contracts is a 400 million euro ($436 million) care for carmaker Peugeot, which has ties to Iran spanning 50 years.

Rouhani, the primary Iranian president to visit Europe due to the fact that 1999, is in Europe following the lifting of sanctions put in position to keep watch over Iran’s nuclear software.

High Minister Manuel Valls, who was additionally current at the conference attended with the aid of trade leaders and ministers, stated he expected the international locations to agree deals in health, agriculture and the atmosphere. He referred to as for “constructing lengthy-time period cooperation”
with Iran.

“France now wishes to reconnect along with your u . s . and build once more with you, your u . s ., along with your contractors… an bold partnership,” Valls told the president. “France is able to mobilize its companies, engineers and technicians,
[its] intensive instruments to contribute to the modernization of your us of a.”

The Pinnacle of Medef, Pierre Gattaz, instructed journalists he expected 4 main contracts to be agreed, including an order of 114 passenger planes from Airbus and the joint venture between PSA Peugeot Citroen and Iran Khodro.

France’s nationwide rail operator SNCF and aluminum producer Fives are also anticipated to unveil offers.

Rouhani is due to provide a information conference with French President Francois Hollande later Thursday.

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