The United Kingdom intends to expand opportunities for developing of the bilateral trade with the Islamic Republic in order to boost the full spectrum of bilateral relations, UK Minister for International Trade Liam Fox announced on Wednesday.
“As the UK forges a new trading role for itself following the vote to leave the European Union, we place a great deal of importance on being able to trade with the rest of the world,” he said.
“As Britain recasts its own place in the world, we will continue to work with Iran on the future expansion of our trading relationship,” he added, speaking at the New Prospects for British-Iranian Trade and Investment conference in London, noting that a number of UK companies, including British Airways, had already “established a permanent presence in Iran.”
He added that a mining sector delegation will visit Tehran in December.
Iran has been reentering the global markets after in January the European Union, the United Nations, and partially the United States lifted their sanctions against the Islamic Republic when the International Atomic Energy Agency (IAEA) verified Tehran’s compliance with a nuclear agreement reached in July 2015.
Despite the lifting of international sanctions with Iran in the banking sector in January, US sanctions remain in force.
Source: Agencies
