Iran, UK private sectors eye sanctions relief, discuss trade ties

Businesses from Iran and the United Kingdom as well as UK government officials have attended meetings in the embassies of the two countries in Tehran and London to discuss potentials for increased trade and economic cooperation in the near future.

22 May 2021
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Businesses from Iran and the United Kingdom as well as UK government officials have attended meetings in the embassies of the two countries in Tehran and London to discuss potentials for increased trade and economic cooperation in the near future.

Iran’s official IRNA news agency said in a report that the meetings had been held under the auspices of joint chambers of commerce that represent businesses in Iran and Britain.

Paul Wilson, who serves as Director General at British Iranian Chamber of Commerce, told IRNA reporter in London that the meetings showed that there is a genuine tendency on the side of the UK to engage with Iran economically in case the country is relieved from sanctions imposed by the United States.

Wilson said that the UK government would have not dispatch representatives to the meeting held in the Iranian embassy in London if it was not eager to expand economic ties with Tehran.

The IRNA report said the meetings were mostly focused on opportunities for cooperation between Iranian and UK businesses in the fields of agriculture, livestock farming and trade.

The British businessman suggested in his remarks that food and agriculture would be a major part of future economic ties between Iran and the UK as he insisted that those exchanges could still take place even if the US does not lift its sanctions.

The meetings come as Iran and world powers continue with talks in the Austrian capital Vienna as they seek to revive a 2015 deal on Iran’s nuclear program.

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