TEHRAN, May 09 (MNA)) � Iran�s deputy-minister of economic affairs has said potentials in Iran-Spain economic relations have not been realized.


Mohammad Khazaei who was speaking to the press on Monday after a meeting with Spanish Undersecretary of Foreign Affairs and Cooperation Crist�bal Gonz�lez-Aller Jurado, said that the meeting had addressed direct flight between Tehran and Madrid, joint ventures in manufacturing automobile parts, and tourism; �the trade volume with Spain had been once $2bn; however, it suffered a decline in recent years and considerable effort is needed to restore it to a satisfactory level,� he told the press.

The head of Iranian Organization for Investment,�Economic and Technical Assistance also mentioned insurance as one important field between Iran and Spain where Spanish companies could provide insurance policies for investors and entrepreneurs working in Iranian settings; �in 2011 the volume of trade declined further and we should work to improve it to at least $3bn. The potentials of trade are far beyond the present level; for that objective to be attained, both sides should work to improve trade and facilitate banking interactions and mechanisms,� Khazaei concluded.

By Mehr News Agency