Economy, Domestic Economy
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FM: Commercial Ties With UK Can Resume

FM: Commercial Ties With UK Can ResumeFM: Commercial Ties With UK Can Resume

Iranian Foreign Minister Mohammad Javad Zarif said good economic and commercial relations could resume with Britain. “Iran and Britain have had traditionally good commercial and economic relations and I think those can resume,” Zarif said at Chatham House in London on Thursday.  “We need to work together on moving the political relations forward,” he was quoted by Reuters as saying. Relations between Tehran and London were strained in November 2011 when Iran announced it was expelling the British ambassador in response to London’s support for tougher sanctions against Tehran over its nuclear program. The UK responded by closing the Iranian Embassy in London later that month.  However, the two countries wasted no time in restoring ties, as Britain reopened its embassy in Tehran a month after the landmark July 14 nuclear agreement.

Financialtribune.com