New agreement boosts exports

On Saturday the International Atomic Energy Agency (IAEA) announced that Iran had taken all measures to comply with the deal to scale down its nuclear energy programme. As a result the UN, the EU and the USA have lifted many of their sanctions.

For Sweden this could mean more exports. Mikael Damberg, Minister for Enterprise and Innovation, who was recently in Teheran with a delegation of Swedish businesses, says, “Iran was previously the second largest export market in the Middle East. But when sanctions were introduced Swedish exports plummeted… Iran is behind with investment in telecommunication, infrastructure, mining and the vehicle and transport sector, which are many of the industries in which Sweden excels.”

Cherif Sayed, Business Sweden’s Head of the Middle East and Africa, says that the annual exports could well increase sixfold compared to the current level of around SKr 2 billion.