Tehran-Europe Trade in Lowest Level for Now
Tehran-Europe Trade in Lowest Level for Now
Chairman of the Board of Directors of the Iran-Switzerland Chamber of Commerce says any new agreement in the region and beyond the region will help the economic growth, admitting that currently Iran’s trade with Europe is in the lowest level.

TEHRAN (Iran News) –Chairman of the Board of Directors of the Iran-Switzerland Chamber of Commerce says any new agreement in the region and beyond the region will help the economic growth, admitting that currently Iran’s trade with Europe is in the lowest level.

Speaking to ILNA, Sharif Nezam Mafi emphasized reducing any kind of political tension is to the benefit of Iran’s economy, adding that economic problems in Iran have no economic solutions and most of their look is to the political development. He said that it seems any effort for minimizing the international tension will lead to blossom of the free economy in the country.

He also noted that any agreement on the JCPOA will be temporary and added that experience has shown us that if the JCPOA is agreed based on the previous formula we cannot pin hopes on it and there is a possibility that with return of extremist administration like Trump we may see the unilateral exit of the U.S. from the agreement and Iran should take advantage of the remaining days of the current U.S. administration.

Nezam Mafi added that the issue of the FATF will soon be resolved because FATF is the engine of economy and global exchanges and sooner or later Iran will realize it.

He then touched upon the trade ties between Iran and Europe and said that in the current condition the trade between Iran and Europe is in low level, stating that Europeans are waiting for the fate of the JCPOA and observing commitments to have final decision. He went on to say that Iran’s grain exchange with Ukraine has not been in a level so that it can have its impact on Iran’s grain trade, of course European companies in trade of this product with Iran have had roles but actually Europeans have not been major grain deals because trade of grain is very complicated.

He reiterated that in the last days of the current month the chamber will hold conference on grain in Iran with the presence of all major actors of this trade.

He once again reiterated détente and reducing tension will not lead to flood of foreign investment into the country in short term because investors seek a stable and peaceful place as we know that capital will go to a quiet and safe place and it will not go to a place with an unknown future and resolving the JCPOA issue and regional problems will help the economy.