Head of Iran-Switzerland Joint Chamber of Commerce says the trade between Iran and Switzerland has grown 100 percent, adding that with reducing tax, this volume will definitely increase.
European companies can end contracts with Iranian firms pressured by US sanctions if deals would lead to "disproportionate economic loss," the EU's top court said on Tuesday.
Head of Iran's Food and Drug Administration (IFDA) Mohammadreza Shanehsaz underlined Iranian pharmaceutical companies' efforts to produce all medical needs and we can produce any drug and equipment needed within two years.
In a telephone conversation with his French counterpart on Tuesday, Iranian president Hassan Rouhani said Europe has missed many opportunities to fulfil its commitments vis-a-vis JCPOA and to cooperate with Iran.
The Director of the Instrument in Support of Trade Exchanges (INSTEX) Per Fischer on Monday voiced the company’s readiness to undertake first transaction with Iran, and addressed the concerns of British companies who may wish to do business with Iran.
Iran’s Minister of Energy played down concerns that an array of European companies have begun to quit business with Tehran for fear of US penalties under new anti-Iranian sanctions, saying such intermittent cooperation with Iran has recurred several times in the past four decades.
The United States threatened on Sunday to impose sanctions on European companies that do business with Iran, as the remaining participants in the Iran nuclear accord stiffened their resolve to keep that agreement operational.
Royal Dutch Shell Plc and Total SA will sign initial agreements on Wednesday to develop oil and gas fields in Iran.
