JCPOA paved ground for Iran-Europe economic ties

The Joint Comprehensive Plan of Action (JCPOA) has provided suitable grounds for economic relations between Iran and Europe, Iranian Deputy Foreign Minister Majid Takht-Ravanchi said.

There is no legal obstacle for economic relations with Iran and various countries have already expressed interest in starting relations, he stated addressing an Iran-Europe trade and banking conference in Tehran, Shana news agency reported March 5.

However, he noted, lack of ample knowledge is a problem with European banks.

On the same day, Assadollah Asgar Oladi, prominent businessman and member of Tehran Chamber of Commerce, said Iranians still cannot use SWIFT banking transaction system despite one and a half months since the JCPOA was put into action.

“European banks do not cooperate because they fear the US,” Asgar Oladi said.

In contrary remarks, Central Bank of Iran Chairman Valiollah Seif said the same day that all Iranian banks are connected to SWIFT.

Iranians could not use SWIFT under sanctions. But the implementation of the JCAPOA created hopes that the restriction would be lifted and business would boom.

/By Trend/