35882
Canada Lifting Some Iran Sanctions
Economy, Domestic Economy

Canada Lifting Some Iran Sanctions

Canada said it was lifting some sanctions against Iran, including a ban on financial services, imports and exports, thereby allowing companies such as planemaker Bombardier Inc to compete against rivals.
In a statement on Friday, the new Liberal government said all applications for export permits would be considered on a case-by-case basis, Reuters reported.
The European Union, the United States and other major nations have already lifted some of their own restrictive measures against Iran, leading to complaints that Canadian companies were being left behind.
Canadian Foreign Minister Stephane Dion said Bombardier, as well as oil, gas, chemical and agricultural companies, should benefit.
"For them, of course, it's great news," he told reporters, citing the importance of gaining access to a market of 80 million people.
Dion said last week that if Airbus can to sell to Iran, then Bombardier should be allowed to export there as well.
He said by maintaining sanctions against Iran, Canada is only hurting its own industries.
“If Airbus is able to do it, why (will) Bombardier not be able to do it? In which way (is it) helping Canada, or the Iranian people, or Israel, or anyone, that Canada is hurting its own industry?” Dion was quoted as saying by Reuters.
Iran announced plans in January to buy more than 160 European planes, mainly from Airbus.
The sanctions are being lifted as part of an international deal with Tehran to limit its nuclear program.
Dion says Ottawa would work to restore diplomatic relations with Iran gradually.
The former Conservative government cut all diplomatic ties with Iran in 2012. The Conservatives lost power to the Liberals in an October election.

Short URL : http://goo.gl/j0oy2K
  1. http://goo.gl/QGPH1N
  • http://goo.gl/BMsVtE
  • http://goo.gl/J4Bdzd
  • http://goo.gl/nfuBoh
  • http://goo.gl/GlEXHX

You can also read ...

WTO Accession No More a Priority for Iran
Iran says joining World Trade Organization is no more a...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
TSE’s Average P/E at 5.6
The average price to earnings ratio of Tehran Stock Exchange-...
Asadollah Asgaroladi
As one of Iran’s 15 neighboring states, Russia is expected to...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
IKCO Launches Taxi Made in China
Iran Khodro has unveiled the DongFeng S30 as part of a push to...

Trending

Googleplus