21 April 2018 - 17:48

Europe's Enthusiasm for Banking and Economic Cooperation with Iran

Managing Director of Export Guarantee Fund of Iran reported that Europeans are enthusiastic to have banking and economic relations with Iran.
News ID : 84844
اتحادیه اروپا

Seyyed Kamal Seyyed Ali pointed to the banking and trade relations between Iran and Europe in the second year of Joint Comprehensive Plan of Action (JCPOA) implementation, mentioning Europeans were conservative due to the special conditions of the deal during the post-JCPOC implementation.

He stated that Europeans think that since the U.S.A. doesn't change its behaviour toward JCPOA, they do not change their manner and also this attitude for big European banks is more serious.

The official referred to the signed finance contracts in post-sanction era with China  and Russia, adding we could finalize and sign finance contracts with them. Seyyed Ali said it seems that Iran can open accounts in this juncture by using domestic banks' branches.

Managing Director of Export Guarantee Fund of Iran highlighted that European states and banks are actually willing to establish economic relations with Iran and previously more than 20 European representatives were active in Iran.

He stressed that Europeans are looking for working with Iran and opening LC generally, continuing in 2006 over 30 billion dollars finance was executed.

Seyyed Kamal reminded that during the sanctions era, Iran's trade exchange was approximately 200 billion dollars, of which  100 billion dollars was for oil sale and our usual import in some periods was over $60 billion.

Regarding the European investment opportunities in Iran and its outlook, Managing Director of Export Guarantee Fund of Iran said every kind of investment and economic activity in Iran is subject to social security.

It is worth noting that the 6th Forum of Iran-Europe Trade will be held on 8th and 9th of Ordibehesht by Monetary and Banking Research Institute in Espinas Palace Hotel in Tehran.

The main pivotal issue of the forum is "Iran's banking and trade relations after passing two years of JCPOA implementation, furthermore, other topics are"European Union as a Partner for Iran; Perspective of Iran's Trade and Banking Cooperation", European Union and Modern Adptation Management", Components of Comprehensive Risk Management Framework, NPL, IFRS, Renewable Energy Sources and Investment Opportunities in Iran.

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