Peugeot eyes post-Trump era

A French official referred to US sabotage regarding the nuclear deal with Iran, saying Peugeot Company is after staying in Iran.

2 July 2018
ID : 1604
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Speaking to France International Radio on the condition of anonymity, he said the company is waiting for post-Trump era or the sudden change of the US president.

According to the French Radio, in the wake of US administration’s unilateral action to withdraw from Iran nuclear deal also known as the Joint Comprehensive Plan of Action (JCPOA) and threatening European companies, Peugeot Company announced early in June that it tends to quit Iran market and to stop cooperating with Iran.

The French media, AFP also in a report referred to Renault and Peugeot companies’ efforts to stay in Iran market which is vital for them.

Meanwhile the CEO of Renault Carlos Ghosn earlier underlined the fact that despite reinstating US sanctions, the company will not leave Iran.

But the company will reduce production in Iran, he added.

On May 8, US President Donald Trump withdrew his country from the JCPOA under pretext of Iran's non-commitment to the deal and its alleged support for terrorism. He also vowed to reinstate sanctions on Iran.

Russia, China and other members of the G5+1 while criticizing the US exit announced they would remain in the deal. Iran has set a deadline for Europe to find suitable ways to save the deal.

Iranian Deputy Foreign Minister for Political Affairs Abbas Araqchi said earlier that the question of Iran staying in the JCPOA depends on the measures to be taken by European countries, Russia and China.

'We are waiting to see whether the remaining parties to the deal including the European states, Russia and China will be able to make up for US exit from the deal and ensure Iran's benefits from the JCPOA,' he added.

 

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