Löfven heads delegation to Iran

Later this week Prime Minister Stefan Löfven will head Sweden’s third delegation to Iran in just over a year. Despite this, Sweden’s exports to Iran have actually fallen in the past year.

Business Sweden’s Magnus Almén says this is because “business takes time” and that many companies are starting from scratch after the easing of sanctions.

Nevertheless a number of companies, including Ericsson and AstraZeneca, stayed in Iran when sanctions bit hardest, and Mohsen Tavakoi, a management consultant and former Iran director for Ericsson, is convinced that those who chose to stay in 2012 made a wise decision in terms of business. “It was a sign of commitment to the country, not the government,” he says.

Companies in the Swedish delegation will include ABB, AstraZeneca, Danske Bank, Ericsson, Sandvik, Scania, SEB, Tetra Pak Iran, Volvo Cars, Volvo Group, Bombardier and the Wallenberg Foundation.