Tag Archives | European Union (EU)

Iran’s Exports to EU Up 107%

The value of Iran’s exports to the European Union (EU) witnessed a significant rise over the first nine months of 2017, a report said. The value of Iran’s exports to the EU from January to September 2017 reached as high as €7.2 billion, showing a 107 percent increase compared to the same period last year, according […]

Iran Looking for New Oil Customers in Europe

An Iranian deputy oil minister unveiled plans for a rise in crude exports to Europe by finding new customers. Speaking to Tasnim, Marzieh Shahdaei said the Oil Ministry is negotiating with new European customers as part of policies to increase crude oil exports to the continent. With the conclusion of the business talks, Europe’s share […]

EU Visitor Impressed by Iran’s Progress in Food Industry

A member of a visiting delegation from the European Union said she was impressed by the level of standard of certain sectors of the food industry in Iran, hailing the country’s advances despite foreign sanctions. A 70-strong delegation from the European Union, led by the EU’s Commissioner for Agriculture and Rural Development Phil Hogan, is […]

EU Commissioner to Help Resolve Iran’s Banking Problems

Visiting European Union Commissioner for Agriculture and Rural Development Phil Hogan vowed to make efforts to help resolve banking problems hampering Iran’s foreign trade with the 28-nation bloc. Speaking at a press conference in Tehran on Saturday, Hogan highlighted the reasons behind the existence of banking problems hampering Iran-EU trade two years after the Iran […]

EU Ministers Voice Support for JCPOA

Foreign ministers of the three European parties to the Joint Comprehensive Plan of Action (JCPOA) emphasized the necessity for saving the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany). In a meeting before a gathering of the EU Foreign Affairs Council (FAC) meeting in Belgium’s capital of […]

Video: EU warns of ‘Dangerous’ Mid-East Escalation

From AFP. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Europe’s top diplomat Federica Mogherini warns that the mounting tension between Saudi Arabia, Iran and their respective allies and proxies is “extremely dangerous,” which the European Union views as “proof” of the need of […]

Europe’s Efforts to Facilitate Banking Ties with Iran “Not Sufficient”

Iranian Deputy Foreign Minister for American and European Affairs Majid Takht Ravanchi said European countries have not made enough efforts to persuade their banks work with Iran. Addressing a conference in the French capital of Paris on Tuesday, Takht Ravanchi stressed the need for the European parties to the 2015 nuclear deal, known as the […]

Boeing-IranAir deal at risk amid claims of IRGC use

By Saeed Jalili, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s new Iran strategy, including his Oct. 13 refusal to certify that the Joint Comprehensive Plan of Action (JCPOA) meets congressional requirements, will push a contract for 80 passenger jets signed […]

Video: Trump’s Iran Speech raises Int’l Concern

From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iran Business News. Trump’s decision on the Iran nuclear deal is raising international concerns. Many argue the US cannot unilaterally amend a security council resolution. Iran has also sent a formal letter of protest to the […]

US “Unable to Stop Irans Oil Exports”

If the US reimposes sanctions on Iran’s oil sector without the support of Europe, China and Russia, it will see grudging and uneven compliance by international energy companies and will not be able to stop crude flows that returned to the market in 2015, according to sanctions expert Elizabeth Rosenberg, Platts reported. “Grudging compliance does […]

Iran looks to Europe over Fate of Nuclear Deal

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. As concerns grow every day about whether or not the United States will abandon the nuclear deal with Iran, Tehran is weighing its options in different possible scenarios. Donald Trump has long vowed to […]

JCPOA ‘Delivering’, EU’s Mogherini Says

EU Foreign Policy Chief Federica Mogherini dismissed Washington’s view that the 2015 nuclear deal between Iran and world powers should be renegotiated, saying that the agreement is “delivering”. “There is no need to renegotiate parts of the agreement because the agreement is concerning a nuclear program and as such is delivering,” Mogherini told reporters on […]

Europeans Keen for Close Economic Ties with Iran

Iranian President Hassan Rouhani and a number of European leaders discussed the bilateral, regional and international issues on the sidelines of the UN General Assembly, with all the Europeans showing enthusiasm for investment in Iran and stronger trade ties in the post-JCPOA era. Keeping a busy schedule during his trip to New York, President Rouhani […]

Iran’s Oil Exports to Europe, China Grow in August

Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said. Iranian oil flows to Europe rebounded sharply last month, with 835,742 b/d sailing to the region, a rise of almost 200,000 b/d month on month, Platts reported. Turkey also remains the […]

Iran-EU Trade Hits €9.9bn in 6 Months

The total value of bilateral trade between Iran and the European Union (EU) over the first half of 2017 has reached about 9.9 billion euros, according to data released by the European Commission. The total trade between Iran and the 28-nation bloc in the first six months of the current year amounted to €9.9 billion, […]

Iran the “Main Source” of Fake Clothing Accessories

By John Lee. The European Union (EU) has said that Iran is the main source country for fake clothing accessories. New figures released by the European Commission today show that customs authorities detained more than 41 million fake and counterfeit products at the EU’s external border in 2016. The goods had a total value of […]

No New Sanctions on Iran, Just Technical Updates: EU

A European Union spokesperson dismissed the notion that the bloc has imposed fresh sanctions against Iran, saying the union has only complied with a series of “technical updates” the UN makes in the context of different sanction regimes periodically. “There has been some speculation in the press regarding recent updates to listings of individuals and […]

NITC says shipments to Europe Increasing

By John Lee. A senior executive at the National Iranian Tanker Company (NITC) has said its shipments to Europe are increasing daily, and the company plans to upgrade its fleet to support further expansion. Mohammad Reza Shams Dolatabadi told Reuters on Monday that the NITC plans to replace some of its older tankers with new […]

Europe needs Long-Term Vision for Iran Trade

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europe must adopt Long-Term Vision for Trade with Iran Business is increasingly intermixed with politics in Iran’s relations with the world — to the potential detriment to both. For instance, recent developments in bilateral ties […]