Iran to open special trade channel with European Union

Oct 01, 2018, 22:41 IST | IANS

The cooperation mechanism between Iran and EU has reached its final stages, Foreign Ministry spokesperson Bahram Qasemi said in a statement

Iran to open special trade channel with European Union
Hassan Rouhani

Iranian Foreign Ministry said on Monday that a special bilateral trade channel will be opened with the EU in order to get around economic sanctions imposed on Tehran by the US.

The cooperation mechanism between Iran and EU has reached its final stages, Foreign Ministry spokesperson Bahram Qasemi said in a statement.

"If the Europeans and other partners, for any reason, cannot secure a guarantee, the issue can affect Iran's decision, and Tehran will take a way that is in line with its interests," Qasemi said in a statement cited by IRNA news agency.

Qasemi explained that details of the talks with the EU and the exact cooperation mechanism were being kept secret to prevent the US interference.

The US has re-imposed sanctions, including an oil embargo that will begin in November, after unilaterally withdrawing in May from the 2015 nuclear deal, which put limits on certain nuclear activities in Iran in exchange for lifting international sanctions.

The EU has continued to back the accord, which also included China and Russia, and has defended its relations with Iran.

Qasemi said that in a meeting in New York, the foreign ministers of Iran and the five countries that continue to support the pact (France, the United Kingdom, Germany, China, Russia) agreed to complete the cooperation programmes.

The meeting discussed payment channels and other measures to facilitate payments related to Iranian petroleum exports, among other issues, according to the final communiqué.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get latest updates

This story has been sourced from a third party syndicated feed, agencies. Except for the change in the headline, the story has been provided "AS-IS," "AS AVAILABLE, without any verification or editing from our side. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.

Tags

iran

DISCLAIMER: mid-day and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Pervert arrested for molesting a minor at Mumbai Central station's foot over bridge

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK