may cost more than 10,000 German jobs and have a negative impact on the economic growth of Germany. Sanctions would hurt especially medium-sized German companies, which depend heavily on trade with Iran. There has been a shift in German business ties with Iran from long-term business to short-term and from large to mid-sized companies that have fewer business interests in the US and thus are less prone to American political pressure. Around 100 German companies have branches in Iran and more than 1000 businesses work through sales agents, according to the German-Iranian Chamber of Industry and Commerce. After the official agreement between Iran and the West during the Iran nuclear deal, Germany's economic relations with Iran has been increasing once more. German exports to Iran grew more than 27% from 2015 to 2016. On 20 October 2018, the Association of German Banks stated that exports from Germany to Iran have reduced to 1.8 billion euros since January. See also Foreign relations of Germany Foreign relations of Iran German Embassy School Tehran Iranians in Germany Bernd Erbel Iran–EU relations References External links , by Oliver Bast , by Oliver Bast Iranian.com article Another informational link A chance to improve Germany-Iran relations Tehran Times article (2010) Bilateral relations of Iran Iran