Majid Takht-Ravanchi, Deputy Foreign Minister for European and American Affairs, made the remark to his Italian counterpart in Iran-Italy Joint Economic Commission’s meeting that were held at Espinas Palace Hotel in Tehran on Monday.
He noted the intense competition among various economic companies to have further cooperation with Tehran, saying Iran is keen on expanding bilateral ties with other countries. He further added that while Iran would retain its traditional trade with the world, Rouhani’s administration is also keen on investment in joint projects and transfer of technology.
He highlighted the role of banking cooperation in improving economic ties with other countries, adding “in the current condition resulted from the implementation of the nuclear deal and lift of sanctions, major European banks should note that stalling too much may spoil opportunities for them.”
The Iranian diplomat went on to add, “some European banks are still unaware how the economic sanctions against Iran have been lifted, so we should take this into consideration.”
According to Takht-Ravanchi, Iran and Italy have 200 years of diplomatic ties. The trade volume between the two countries reached 7 billion euros in the past few years, and declined due to unfair sanctions against the Islamic Republic.
“Iran has abided by all its commitments under the nuclear deal and the reports by the IAEA confirm this,” said Takht-Ravanchi. “We hope the other sides will also fully commit to their obligations and remove the legal obstacles blocking Iran’s path to global investment and trade.”
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