In the verge of Tehran-Vienna economic and trade forum hosted by Tehran chamber of commerce Industries Mines and Agriculture (TCCIMA) a memorandum of understanding aiming to expand ties between Iran private sectors and its counterparts in Austria have been signed by Masoud Khansari, TCCIMA's chair person and his homologue in Vienna chamber of commerce, Valter Rouk.

According to the MoU, two sides will increase its collaboration by dispatching and accepting trade delegations, exchanging legal and economic information, statistic data and informations about investing projects.

Taking part at the Tehran-Vienna economic forum, Austrian trade delegates in a face to face negotiations with Iranian businesspersons read a situation for joint investment with Iranian partners. 

In a speech at the event Austrian ambassador in Tehran announced that it's due to Austria's finance minister and some of the banking authorities to talk about banking problems with Iranian authorities travel to Tehran.

Several Austrian trade delegation after the nuclear deal have been came to Iran so two Iranian delegation dispatched to the country.

The trade turnover between two countries has a upward trend but according to Khansari this has not yet reached to favorite level. Actually the trade turnover is 377 m Euro. Machinery is the major imports from Austria to Iran.