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 ...

Relations with banks from China, the UAE and Turkey had recently hit snags.
A senior Iranian official announced that there are no...
Forex ETS to Expedite Rate Unification
The Central Bank of Iran’s Exports Department has sought to...
Iran signed a $650-million contract with the world’s largest shipbuilding company Hyundai Heavy Industries Company in December for the South Korean firm to build four 14,400 TEU container ships and six 50,000 DWT product tankers.
South Korea was Iran's fourth biggest export destination (...
Production of  the plug-in hybrid Polestar 1, will be launched in mid-2019.
Volvo is creating a new electric vehicle brand that aims to...
Gov’t Sends AML/CFT Amendments to Majlis
President Hassan Rouhani has presented two bills for making...
Kerman Motor assembled 4,217 Hyundai cars during the first seven months of the current fiscal that ends in March 2018.
Local automaker Kerman Motor is trying to shift focus from its...
Gold Coin  Hits Record
Gold coin prices recorded multiple rallies in the past month...
100 Foreign Firms to Attend Iran Investment Forum
Some 100 companies from China, Germany, Denmark, Finland,...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus