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FinancialNews


  • 20-10-19

    Economic cooperation between Iran, UK despite US sanctions

    (MENAFN) IRNA reported, the meeting represented 50 Iranian trade, agricultural, and livestock industry companies as well as dozens of British firms.

    The director general of business affairs at the British Embassy in Tehran, Oliver Todd, who attended the meeting said: "The volume of trade relations between the two countries shows that despite political developments, there are opportunities for development of business and economic cooperation."

    Richard Dalton, former British ambassador to Tehran said in the meeting that the path of legal trade with Iran is open.

    Dalton, a well-known supporter of ties with Tehran who is the vice president of the British-Iranian Chamber of Commerce said, "Trade with Iran is still possible," although he also talked about the hindrances in the way of conducting business with Iran, including Europe"s delays in coming up with a practical mechanism to help Iran in its international transactions regardless of US sanctions.

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