July 17, 2018 20:17

Iran Mulls Tactics With Private Sector, Foreign Diplomats to Counter Sanctions

Joint commerce chambers formed between Iran and 77 countries will hold meetings next week to pave the way for the private sector to play a more dynamic role in the economy

Gov’t Mulls Tactics With Private Sector, Foreign Diplomats to Counter Sanctions

Austrian Ambassador in Tehran Stefan Scholz said the European Union is willing to see financial channels activated for Iran

Tehran Chamber of Commerce, Industries, Mines and Agriculture hosted a meeting of foreign diplomats and businessmen on Monday.
First Vice President Es’haq Jahangiri and Foreign Minister Mohammad Javad Zarif, who attended the meeting as representatives of the government, weighed in on Iran’s capacity to attract foreign investment as well as on tactics to counter looming US sanctions against Iran.
On May 8, US President Donald Trump withdrew from the 2015 Iran nuclear deal and unilaterally restored sanctions on the country, in defiance of the deal’s five other signatories—Britain, China, France, Germany and Russia. The restored sanctions are set to go into effect in two waves in August and November, and will also punish foreign companies and banks that continue to do business with Iran.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Tehran Chamber of Commerce News