Pourfallah said Italy was once Iran`s biggest trade partner and the bilateral trade turnover reached $7 billion a year, but after sanctions, the mutual economic ties weakened and dropped to $1.2 billion. He said this figure could be resumed and possibly reach $10 billion in the future.
Italy has had a big role in Iran`s industry like steel, home appliances, leather and mining machinery equipment.
The first Iranian delegation would travel to Rome in two weeks and the second will be there in mid-September, Pourfallah said.
A high-ranking delegation headed by Italian Foreign Minister Paolo Gentiloni and Minister of Economic Development Federica Guidi visited Tehran August 5.
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