TEHRAN, Dec. 04 (Press Shia) – Chairman of Iran-Switzerland Chamber of Commerce has announced that Switzerland’s minister of the economy will travel to Tehran in the coming week.

Sharif Nezam-Mafi noted that Johann Schneider-Ammann, Head of Federal Department of Economic Affairs (FDEA) as Switzerland’s ministry of the economy, will lead a delegation comprising Director of the Swiss State Secretariat for Economic Affairs (SECO) Marie-Gabrielle Ineichen-Fleisch, directors of Swiss National Bank (SNB) and private banks as well as private sector activists of the European country.

The Iranian official underlined that simultaneity of the visit by economy minister of Switzerland, as one of the most important members of the European Union (EU), with the rise of Donald Trump as President of the US could hold particular significance.

“Upon election of Trump in US, concerns have emerged on implementation of the nuclear deal and the Joint Comprehensive Plan of Action (JCPOA),” said Nezam-Mafi adding “the forthcoming visit will provide economic officials of Iran and Switzerland with the opportunity to discuss venues for expansion of economic, political, cultural cooperation.”

He went on to evaluate banking and financial challenges as the most formidable barriers to development of bilateral ties between the two countries adding “the visit of Swiss economy minister and SECO director mainly pertains to banking negotiations concerning resolution of banking and financial transactions between the two sides.

Swiss authorities are slated to meet with officials of the Central Bank of Iran (CBI) as well as heads of private banks in order to conduct extensive talks so that they can reach solutions to existing obstacles which hinder development of economic relations.

Sharif Nezam-Mafi, Chairman of Iran-Switzerland Chamber of Commerce, said the Swiss delegation will also visit Mahak Society to Support Children Suffering from Cancer in Tehran and will have a dinner banquet in the charity organization.

“NGO and charitable activities receive great momentous in Switzerland and the Swiss economy minister and his accompanying delegation will therefore visit Mahak Organization, as a successful charity, in order to become familiar with child care activities carried out in the center.

The official also stated that, during the three-day visit, the Swiss delegation is also scheduled to hold meetings with private sector activists of Iran.