Iran, Netherlands Discuss Facilitation of Trade, Banking Ties

Iran’s ambassador to the Netherlands and president of the European country’s central bank in a meeting in The Hague explored avenues to facilitate trade and financial transactions between the two counties.

The Iranian diplomat, Alireza Jahangiri, and President of De Nederlandsche Bank (DNB) Klaas Knot in the meeting discussed ways to boost banking interactions between Tehran and Amsterdam.

Highlighting the enthusiasm of Dutch businesses for trade with Iran, the ambassador regretted that banking problems have obstructed full-fledged economic interaction between the two countries.

Jahangiri and Knot further agreed on a series of negotiations to work out solutions to obstacles in the way of banking and monetary transactions.

To that end, officials from the central banks of the two nations are scheduled to hold talks on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group, due to be held in Washington, D.C., on October 7-9.

While the Joint Comprehensive Plan of Action (JCPOA), a 159-page nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) that came into force in January, was supposed to terminate nuclear-related sanctions against Iran all at once, its implementation has been hampered mainly due to US policies.

Back in March, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said Americans have yet to fulfill what they were supposed to do as per the nuclear deal.

Iran still has problems in its banking transactions or in restoring its frozen assets, because Western countries and those involved in such processes are afraid of Americans, the Leader said at the time, criticizing the US for its moves to prevent Iran from taking advantage of the sanctions removal.

(Source: Tasnim, under Creative Commons licence)

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