Germany to Restore Trade Relations with Iran and other US Embargo Targets?

January 2002

The German Economy Minister Werner Mueller wants to restore trade relations between his country and Iran. Mueller told NTV Television that, “I expect with Iran we will soon be doing big business”.

He also stated that his ultimate goal is to restore export credit cover to many nations on the United States trade sanctions list by September of 2002. Mueller supported his ambition to trade with Iran by stating, “From power stations to other infrastructure, Iran is a good customer and the German economy has chances there”.

However, when asked about the possibilities of German trade with Iraq, the Economy Minister was hesitant. He acknowledged that at the current time, with Iraq’s largely negative image and position in world affairs, that trade with the Middle Eastern nation would be difficult at best.

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