Asian states mull signing monetary pacts to counter US sanctions

TEHRAN, Nov. 30 (MNA) – Iranian Parliament Speaker Ali Larijani said Thu. that Asian countries have been in serious discussions on signing monetary agreements in a bid to counter the US’ economic sanctions.

Larijani made the remark upon returning to Tehran Thursday night, after concluding his one-day visit to Turkey’s Istanbul for participation at the 11th plenary session of the Asia Parliamentary Assembly (APA).

Speaking to reporters about the results of the trip, Larijani said the APA session focused on talks on economic cooperation to neutralize the impact of US sanctions against other countries, energy cooperation, the use of technologies, and environment.

He added that some good proposals were made regarding economic cooperation, such as signing bilateral monetary agreements to counter Washington’s sanctions. He said the participating countries at the APA session engaged in serious talks about signing monetary and banking pacts given the fact that some of them are under the US sanctions.

Larijani stressed that the APA has a high capacity for carrying out important tasks.

He also noted his meetings with the Russian delegate and his Turkish counterpart on the sideline of the session, adding that the talks focused on economic cooperation, investment, and removing obstacles to trade and implementation of previously-reached agreements.

MS/4471762

News Code 140048

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