Financial transactions, key to Iran-Europe business: ICCIMA president

In a meeting with Swiss Chamber of Economy president in Bern, ICCIMA president discussed US withdrawal from the JCPOA and its effects on the economic relations and financial transactions between Iran and Europe and developing mutual cooperation between Iranian and European small and middle-sized companies.

7 July 2018
ID : 1609
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In a meeting with Swiss Chamber of Economy president in Bern, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) president discussed US withdrawal from the JCPOA and its effects on the economic relations and financial transactions between Iran and Europe and developing mutual cooperation between Iranian and European small and middle-sized companies.

Gholam Hossein Shafeie referred to US irresponsible decision in withdrawing from the JCPOA adding that Iran has been committed to the deal based on international law and the IEA has confirmed this commitment several times.

ICCIMA president further said we expect European countries especially Switzerland which always supported the deal, to play their role in saving the JCPOA.

During the meeting, Shafeie referred to new US sanctions against companies which work with Iran and added, ”We should develop cooperation fields between small and medium-sized companies as they don’t have benefits in the US so wouldn’t be hit by the sanctions if they work in Iran.” Shafeie further emphasized on the importance of opening new financial transactions channels for continuing doing business with Europe.

He further reaffirmed high capacities of mutual economic cooperation between Iran and Switzerland saying Swiss companies’ activities in Iran’s renewable energy, medicine, food and modern machinery industries have been fruitful. He further voiced Iran’s willingness to increase the level of economic cooperation with Switzerland.

Pointing to the fact that US is a big shareholder of big European companies, Swiss Chamber of Economy president noted that finding practical solutions for financial transactions between Iran and Europe is a top priority. Under US pressure, European firms are forced to leave Iran, then small and medium-sized companies can work only if there is practical solutions for financial transactions, he said.

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