UK Welcomes Lifting of Iranian Sanctions

By John Lee.

The United Kingdom’s political and business leaders have welcomed the lifting of Iranian sanctions.

The Minister for Trade and Investment, Lord Francis Maude, said:

“The UK government fully supports expanding our trade relationship with Iran and we would encourage UK businesses to take advantage of the commercial opportunities that will arise from sanction relief”.

Peter Meyer, CEO of the Middle East Association (MEA), who is leading  a multi-sector trade mission to Iran on 28th February, told Iran Business News:

“The lifting of sanctions is excellent news and our members are very keen to renew old ties and make new contacts”.

On behalf of the the British Iranian Chamber of Commerce (BICC), Rt. Hon. Lord Lamont of Lerwick welcomed the news, adding:

“The lifting of sanctions will relieve pressure on Iran’s economy offering significantly better economic prospects for its population as a whole … the companies of Europe, will be able to trade more widely with Iran thereby increasing employment in Europe. I believe UK companies can and will play their part in the re-opening of Iran to trade and commerce”.

For the Confederation of British Industry (CBI), Ben Digby said:

“… businesses will be looking closely at investment opportunities in Iran. The legal and financial environment remains challenging and businesses should take careful advice, but this is a market with significant opportunity … Foreign investment in infrastructure, energy and education will be in particularly high demand”.

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