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German-Iran trade grows

by Staff Writers
Frankfurt (AFP) Jan 18, 2011
Trade between Germany and Iran grew last year despite EU nuclear sanctions against Tehran and as major German groups curtailed activities there as a result, official data showed on Tuesday.

German exports to Iran rose 2.6 percent to 3.5 billion euros ($4.7 billion) from January to November, according to provisional figures provided by the national statistics office Destatis.

Imports from Iran, particularly of crude oil and natural gas, soared 75.5 percent to 807 million euros while Iranian companies bought mainly machine tools from Germany.

The European Union adopted sanctions against Iran last year that were stricter than those imposed already by the United Nations in a bid to persuade Tehran to resume negotiations over its controversial nuclear programme.

Western powers accuse Iran of seeking to build a bomb under the guise of a civilian nuclear power programme, a charge Tehran has steadfastly denied.

Several major German groups, including Siemens, ThyssenKrupp and Daimler, sharply curtailed their business in Iran last year.



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NUKEWARS
Ex-IAEA chief says west 'hyping' Iran nuclear threat: report
Vienna (AFP) Jan 18, 2011
The West is "hyping" the perceived nuclear threat from Iran, the former head of the UN atomic watchdog Mohamed ElBaradei said in an interview Tuesday. "There's a lot of a hype in this debate," ElBaradei told the Austrian news agency APA. The Egyptian-born diplomat, who headed the International Atomic Energy Agency for 12 years until November 2009, pointed to a US intelligence report rele ... read more







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