Arab Today, arab today us britain france germany back business
Last Updated : GMT 15:40:14
Arab Today, arab today
Arab Today, arab today

With Iran

US, Britain, France, Germany back business

Arab Today, arab today

Arab Today, arab today US, Britain, France, Germany back business

Foreign banks and private businesses should not hold back from conducting
Brussels - Arab Today

 Foreign banks and businesses should not hold back from conducting legal business with Iran, Western powers said Friday.

In a joint statement released after talks in Brussels, the United States, the European Union, France, Britain and Germany sought to reassure companies that, after the Iran nuclear deal, certain forms of trade are permitted.

"We will not stand in the way of permitted business activity with Iran," the four powers plus the European Union said.

"And we will not stand in the way of international firms or financial institutions engaging with Iran, as long as they follow all applicable laws," they added.

Under the terms of the Iran nuclear deal signed last year and implemented in February, international sanctions aimed at Tehran's nuclear programme have been dropped.

But the United States has maintained its sanctions targeting Tehran's alleged sponsorship of armed movements in the Middle East and its ballistic missile programme.

European banks, which often have subsidiaries on US soil, have therefore been slow to resume business with Iran, fearing prosecution in the United States.

But, a joint statement by the western parties to the Joint Comprehensive Plan of Action (JCPOA) -- the implementation side of the Iran deal -- gave business the green light.

"The interest of European and other global firms in Iran is high," the statement said.

"And it is in our interest and the interest of the international community to ensure that the JCPOA works for all participants, including by delivering benefit to the Iranian people," it continued.

"This includes the reengagement of European banks and businesses in Iran."

US Secretary of State John Kerry -- a key architect of the Iran deal -- was in Brussels for a NATO ministers meeting, and held talks on the Iran deal while he was there.

President Barack Obama's administration has been criticised at home for moving too quickly to allow Iran to return to the international fold after agreeing to nuclear controls.

But Tehran's leaders have complained that the deal was oversold, arguing that they upheld their end of the bargain in surrendering most of their nuclear enrichment capacity in return for sanctions relief.

Meanwhile, European banks have been reluctant to renew ties with the Islamic republic, fearing that -- despite the end of some sanctions -- they could fall foul of US law.

"We understand that firms may continue to have specific sanctions-related questions or concerns about doing business in Iran," the statement said.

"And we stand ready to provide expeditious clarifications," it added, encouraging banks and other enterprises to come forward and seek advice as to how to deal legally with Iran.

"We encourage firms to approach our governments to address remaining questions, rather than forgo opportunities due to misperceptions or lack of information."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us britain france germany back business Arab Today, arab today us britain france germany back business

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 11:18 2017 Wednesday ,15 February

Reveals plan to get out of financial crisis

GMT 12:33 2017 Tuesday ,14 February

Yemeni accuses militias of challenging oil

GMT 18:07 2017 Monday ,13 February

Over 3000 workers lost their jobs

GMT 17:57 2017 Sunday ,12 February

Seeks to achieve growth of about 30% in 2017

GMT 14:05 2017 Saturday ,11 February

Stresses Increase prices not surprise citizens

GMT 05:22 2017 Wednesday ,08 February

Yemeni official: Militants polarized jobless people

GMT 04:59 2017 Tuesday ,07 February

Praises launch of Islamic Gold Bourse
View News in Arabic - Business: أخبار الاقتصاد
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 15:16 2017 Sunday ,19 February

Apple to start India operations with iPhone SE

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday