As a Swedish business delegation met with their Iranian counterparts at the Tehran Chamber of Commerce, Industries, Mines and Agriculture on Wednesday, the ambassador of the Scandinavian nation conferred with the head of the private sector entity to discuss bilateral relations.
Helena Sangeland, Swedish ambassador to Tehran, sat down with TCCIM chief, Masoud Khansari, and mainly spoke about expanding ties and its main impediment, weak banking links.
“Various barriers are in the way of Iran-Sweden trade, including banking issues and some non-economic hurdles,” the ambassador was quoted as saying by the TCCIM website.
However, Sangeland referred to high-level banking ties between a Swedish delegation led by Stefan Ingves, governor of Sveriges Riksbank, the central bank of Sweden, and Iranian counterparts as a positive development.
She noted that in addition to outlining the policies of the Swedish bank, its representatives mostly focused on issues such as training banking experts.
April 20, 2018 19:30
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Iran-Sweden Private Sectors Discuss Banking Solutions
Sweden’s ambassador to Iran accompanied a business delegation to Tehran Chamber of Commerce on Wednesday and discussed banking ties and issues of mutual interest
As free market rules apply in Sweden, commercial banks are private financial institutions that cannot be legally obligated by the government and the central bank to work with the banks or companies of a particular country
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