76193
Calls to Sort “Banking Issue” After Iran Beef Deal
Calls to Sort “Banking Issue” After Iran Beef Deal

Calls to Sort “Banking Issue” After Iran Beef Deal

Calls to Sort “Banking Issue” After Iran Beef Deal

Irish beef from across the EU may soon be destined for Iran following a new export deal.
EU’s Agriculture Commissioner Phil Hogan said significant progress had been made toward facilitating beef exports from the EU to Iran in the short term, FarmIreland, a publication of daily newspaper Irish Independent reported on Tuesday.
Hogan said the new arrangements are expected to be in place in 2018.
However, EU sources on Monday agreed that the Central Bank in Dublin must play a role in facilitating Irish exporters’ financial transactions with Iran, the Middle East’s second largest economy.
Both AIB and Bank of Ireland currently have restrictions in place, which makes trading extremely difficult.
“The banking issue needs to be addressed urgently now that a deal has been struck. That’s for the Central Bank to sort,” an EU source said.
Ireland has been working to seek new markets for its €2.4 billion beef trade with a surge in numbers of cattle on the ground due to the rise in the dairy herd post-quota and with fears over the impact Brexit may have on the valuable UK trade.
Australian Agriculture Minister Michael Creed, who is currently leading a trade mission of 25 dairy and meat companies to Japan and South Korea, has pointed out the importance of new markets in light of Brexit.

Short URL : https://goo.gl/cz7AwP
  1. https://goo.gl/G8c98h
  • https://goo.gl/B8mk4C
  • https://goo.gl/tTDfG8
  • https://goo.gl/s4gk95
  • https://goo.gl/m2rvUL

You can also read ...

US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
Persian is the 15th most spoken language  in the world with 120 million speakers.
The amount of online content in Persian has observed a...
Non-Oil Trade With Malaysia Rises 23%
Iran traded $694.64 million worth of non-oil goods with...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus