Europe eyes broadening business ties with Iran

TEHRAN, May 01 (MNA) – European business and banking officials stressed that renegotiation of JCPOA is totally impossible.

European business and banking authorities are after expanding trade and investment ties in the Islamic Republic of Iran vehemently.

Given the above issue, Iran-Europe Business and Banking Forum was held in Tehran early this week in the presence of senior economic and banking officials of various countries.

European lecturers in this Forum emphasized on the significance of JCPOA in promoting economic ties, adding, “strategies have been considered for the facilitation of trade and business relationship with the Islamic Republic of Iran in order to take advantage of benefits of this deal.”

Even US representative in Commission to Oversee JCPOA acknowledged that all details of this comprehensive nuclear deal inked between Iran and P5+1 (the five permanent members of UN Security Council plus Germany) should remain in place without any change, senior EU official maintained.

After the implementation of JCPOA, 250 European banks have been connected to the Iranian banks using SWIFT (Society for Worldwide Interbank Financial Telecommunication).

One year after the implementation of JCPOA, trade volume exchanged between Iran and Europe doubled, based on which, billions of dollars of Iran’s debts were paid completely.

Meanwhile, Iran’s gross domestic product (GDP) experienced a considerable 12 percent growth suddenly.

Turning a banking relationship between Iran and EU, the official asserted, “Islamic Republic of Iran needs to ensure that it has won the trust of European banks, so that these European banks have expressed their readiness to engage in economic interactions with Iran.”

In conclusion, the official in charge of EU Commission said that three German banks are currently cooperating with the Islamic Republic of Iran and are willing to expand their relationship with Iran in all fields.”

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