Iran to discuss Banking Obstacles at UN

Iran’s Deputy Minister of Roads and Urban Development Asghar Fakhrieh Kashan said issues related to removal of banking obstacles to the revival of trade in the country under the JCPOA will be discussed on the sidelines of United Nations meetings in New York this week.

“We are negotiating and I hope that during the trip of President (Hassan) Rouhani to the US today or tomorrow, we can have some news on the subject (removal of banking obstacles),” Fakhrieh Kashan told foreign investors at the CAPA Iran Aviation Finance Summit in Tehran on Sunday, Reuters reported.

President Rouhani will travel to New York to participate in the 71st Regular Session of the UN General Assembly which opened at the UN headquarters on Tuesday, September 13, 2016.

IranAir Chairman Farhad Parvaresh is also travelling to New York as part of Rouhani’s delegation for the UN General Assembly.

Earlier on Sunday, Iran’s Roads and Urban Development Minister Abbas Akhoundi said that Tehran was complying with its obligations under the JCPOA, giving assurances that remaining obstacles put by the US in the way of global aviation giants to sell passenger aircraft to the country will be removed soon.

“We are negotiating with all those big names …there are a lot of obstacles but I am sure that because we have respected all the international rules and regulations, all those problems are going to be resolved,” Akhoundi told the Summit.

The two-day CAPA Iran Aviation Finance Summit opened at Novotel Imam Khomeini International Airport on September 18 with the participation of business leaders and representatives of 150 aviation companies such as Airbus, Bombardier and Embraer.

Iran provisionally agreed earlier this year to buy over 200 jets worth $50 billion at list prices from Airbus and Boeing following the removal of anti-Tehran sanctions.

Later, the US House of Representatives in July passed two amendments that would stop the aircraft sales, although to become law they need to be approved by the Senate and signed by President Barack Obama.

While the Joint Comprehensive Plan of Action (JCPOA) – a lasting nuclear deal between Tehran and world powers- came into force in January, some Iranian officials have complained about the US failure to fully implement the accord.

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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