Announcing the trip to Tehran earlier this month, Thibault de Silguy, vice-president of Medef, said France needed to restore trade relations so that it would not lose out to Asian and other European countries once sanctions are eased.
"We have fallen behind, so now we have to make up lost ground," Medef Vice President Thibault de Silguy told reporters earlier this month, saying the visit was "very important for us."
Among the delegation will also be small- and medium-sized enterprises with sectors as wide-ranging as agriculture, finance, luxury goods, pharmaceuticals, construction and transport, according to Radio France Internationale.
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According to European Commission statistics for 2014, the export value of goods from France to Iran totally almost 453 million euros ($510.5 million), whereas the import value from Iran was worth just over 29 million euros.
A decade previously, however, and French exports to the Islamic republic peaked, valued at 2.3 billion euros, showing the steep decline in exports decreased and why France might be so keen to restore those relations.
France could well do with an economic boost amid a sluggish growth environment back home. On Friday, Moody's ratings agency lowered France's sovereign credit rating by one notch to Aa2 and changed its outlook from "negative" to "stable."
It made the change due to the "the continuing weakness in France's medium-term growth outlook, which Moody's expects will extend through the remainder of this decade," it said in a statement, as well as "the challenges that low growth, coupled with institutional and political constraints, poses for the material reduction in the government's high debt burden over the remainder of this decade."