77850
Mogherini: EU Trade With Tehran Up 94%
Economy, Domestic Economy

Mogherini: EU Trade With Tehran Up 94%

After the signing of the Iran nuclear deal, trade between Iran and Europe increased 94% in the first half of 2017, compared with the first half of 2016, EU High Representative Federica Mogherini said.
Speaking during a debate on Iran in the European Parliament on Tuesday, she said Iranian oil exports have reached pre-sanctions level, and billions of outstanding oil debts have been paid back, Kuwait’s official state news wire service KUNA reported.
“Foreign direct investment is increasing and the Iranian government reported a growth of 55% compared to the previous year,” she said.
Mogherini said progress in the financial and banking sector of Iran has been slower due to a number of factors but important work is being carried out to improve the situation.
“Preserving and implementing the nuclear deal with Iran is an absolute must. We simply cannot afford more tension in the Middle East and another nuclear proliferation crisis. We cannot afford to undermine the credibility of a multilateral agreement endorsed by the UN Security Council Resolution and we cannot afford to dismantle a deal that works and delivers on its promises,” she said.

Short URL : https://goo.gl/cCRwzU
  1. https://goo.gl/pfbUBW
  • https://goo.gl/uNLmof
  • https://goo.gl/AH4nLN
  • https://goo.gl/Bv8WCZ
  • https://goo.gl/CCqBG6

You can also read ...

Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Easy-Open Can Lid Imports  at $22 Million
Close to 3,610 tons of aluminum easy-open can lids worth $22...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
Tehran Stock Exchange Benchmark Gains 13 Percent in Q1 - Report
Iran's financial markets had no shortage of drama in the first...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus