Sputnik - The Iranian car manufacturing company Iran Khodro and the German Daimler concern signed an agreement on the start of production of Mercedes-Benz cars in Iran from the Islamic new year (late March), the ISNA news agency reported on Friday.



The German car giant will launch manufacturing in�Iran�this year as�part of�cooperation with�Khodro company. Mercedes-Benz is going to�produce 2,500 vehicles till�the end of�2018.


The Iranian economy became more open for�the global markets in�2016, when the Joint Comprehensive Plan of�Action (JCPOA, also known as�the Iranian nuclear deal), which was signed in�2015, entered into�force.

The�Iranian�pledge to�ensure the peaceful character of�its nuclear program urged the international community to�lift sanctions against�the Islamic republic.
The Iran Khodro company has already been producing�Renault�and Peugeot cars. In November, the French manufacturer Citroen along�with the Iranian SAIPA company presented the Citroen C3 car, which is the first auto jointly developed by�European and Iranian companies.