TEHRAN, Jun. 06 (MNA) – Deputy industry minister has described the details of Iran’s new negotiations with France's Peugeot over automobile parts manufacturing.


“No agreement has been reached with Renault company for production of Kwid cars,” stressed Iran’s Deputy Minister of Industry, Mine and Trade Mohsen Salehinia saying “however, Saipa Motor Corporation has conducted certain negotiations with the French company over launching joint venture for which a working group has been formed to supervise the implementation project.”

Salehinia went on to highlight that “certain anti-JCPOA issues in international arenas have exerted no effect on the joint cooperation between Iran and Peugeot as the talks remain at an operational level.”

“The agreement was signed with Peugeot Car Company after the removal of sanctions and the opening of a joint venture company is in final stages of registration,” underlined the official adding “last week, a new meeting was held with Peugeot over subcontracts and issues related to manufacturing of automobile parts, exports and pricing.”

Deputy industry minister concluded that the pricing of the new cars produced in collaboration with Peugeot will be carried out in line with international regulations.

By Mehr News Agency