Twelve contracts were signed between Iran and Italy on Wednesday, the Iranian News Agency (IRNA) quoted the Executive Manager of Iran-Italy Chamber of Commerce, Industry and Mines Ahmad Pourfallah as saying.

Pourfallah told IRNA on Wednesday that Iran-Italy Trade Conference is underway and businessmen of the two countries will participate in joint meeting in the evening.

He added that negotiations will be held in two separate sections and 45 businessmen from Iranian economic firms and 45 from Italian economic firms will take part in this event.