French Peugeot to strengthen business ties with Iran's Khodro


(MENAFN) French carmaker Peugeot Citroen held talks with its Iranian partner Iran Khodro to convince the latter return to the country, according to Iran Daily. The meeting held between Peugeot Citroen chief executive, Maxime Picat, and Hashem Yeke Zare", the head of Iran Khodro, aims to explore "new scope for cooperation" between them. IRNA said in a report: "Fulfillment of previous commitments, transfer of technical know-how, mutual production of cars and sale of Iran Khodro"s vehicles through the French exporting network were reviewed during the meeting." Iran"s car-making industry has been siginificantly affected for more than a year by international sanctions imposed by the West amid suspicion over Tehran"s nuclear program.


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