Italy to increase insurance cover for Iran
TEHRAN, Oct 10 Asia Pulse - Italian Deputy Foreign Minister Ugo Intini
announced here that he would strive to increase insurance cover for Iran,
reasoning that with the growth in bilateral economic cooperation the insurance
ceiling cannot remain unchanged.
In a meeting with the Mines and Metals Minister Eshaq Jahangiri on the
sidelines of the 26th Tehran International Trade Fair on Saturday, he stressed
the need for using other initiatives such as Iran's export of such products
as copper and aluminum in exchange for the goods it imports from Italy.
He said small and medium-sized institutions and industries engaged
in commerce and industry served as economic pillars of Italy and can have
fruitful economic cooperation with Iran. He added that big multinational
companies in Italy differ from similar institutions in the U.S. or the
U.K. and can be good partners for Iran in the commercial and economic fields.
An example of such companies is Telecom Co., said the Italian official,
adding that directors of the company are now holding talks with officials
of Iran's Telecommunications Company.
He hoped that Italian officials, including President of the Chamber
of Representatives, Prime Minister and President of Italy, will visit Iran
next month and in 2001, marking the Year of Dialog Among Civilizations.
Jahangiri said that Iran had delegated Iran-Italy Chamber of Commerce
to look into cooperation between the small industries of the two countries.
Italy, however, has not named its representative yet, said the Iranian
minister. Agreements for customs cooperation have been drawn up and the
Iranian side awaits the views of the Italian party in this connection.
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