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World

Germany says it could be friendly with Iran

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World

Germany says it could be friendly with Iran

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COMING UP:Germany says it could be friendly with Iran

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00:00:01
>> Germany's Economy Minister says, Iran could have normal friendly relations with Germany if it accepted Israel's right to exist, and stops sponsoring terrorism in countries like Syria. I'm Andrea Shalal-Esa, senior correspondent in Berlin. And Gabrielle is heading off to Iran on Sunday for a two day visit with a plane full of industry executives who are keen to rebuild historic and long standing trade ties with Iran, after the end of nuclear sanctions.
00:00:31
So German companies are chomping at the bit to do business in Iran. To rebuild the kind of traditional ties that they've had with, in some cases, for up to 150 years. Up until now though trade has been limited by the refusal of western banks and German banks, in particular to secure and offer lines of credit.
00:00:56
Where there are logjams is in the area with smaller and medium sized businesses, many of whom would really like to be exporting things like parts for wind energy, for windmills and other bits of equipment. We're seeing some signs that that may start happening, but it's not happening at the pace that people here in Germany would like.