News ID: 202231
Published: 0424 GMT October 11, 2017

Report: Czech-Iranian relations set to be restored at top level

Report: Czech-Iranian relations set to be restored at top level

Iran is one of the world markets that everyone wanted recently to get a share of and with the prospect of Western sanctions being lifted, oil and gas exports picked up significantly and imports began rolling in.

US President Donald Trump's often voiced reservations about the nuclear deal with Iran, which paved the way for the thaw in the market, could prove a problem for that trade scenario but Trump's threats still have to take effect, radio.cz reported.

And the Czech Republic, although not perhaps among the leaders in moves to land some of those orders, has nonetheless been very active in positioning itself in Iran.

Full scale diplomatic relations between Prague and Tehran now appear on the verge of being restored, according to the Czech business daily, Hospodářské Noviny.

Within weeks the two countries should confirm their respective ambassadors who will then take up their posts, the paper added. It added that the experienced diplomat and head of the current Czech office in Tehran, Svatopluk Čumba, has already been given the nod by the Iranians to take up the post. The process should be completed by the end of the year.

Czech trade delegations have already headed for Iran ahead of the complete lifting of sanctions and proof that Iranian companies can finance the imports that they desperately need.

In January, leading tractor producer Zetor announced a contract to deliver 250 vehicles to Iran. An order for 400 buses is in the negotiating process by the bus manufacturing company SOR Libchavy, according to the business paper.

And, of course, the Czech Republic's biggest manufacturer and exporter, Škoda Auto, is looking to get its foot in the door in the Iranian car market where pent up demand is thought to be massive.

   
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