Worthy Christian News » World News » Iran preparing to enter WTO, set up preferential trade with EU
(Worthy News) - Iran wants to join the World Trade Organization after putting the final signatures on a nuclear deal with the six world powers. Tehran is also interested in a preferential trade deal with the EU, says Industry Minister Mohammad Reza Nematzadeh.
"Iran is preparing to join the WTO, and one political obstacle has already been overcome. Tehran is also interested in the negotiations with the EU and Central Asian countries in establishing preferential treatment in trade," said Nematzadeh Thursday, speaking at a conference on investment and trade between Iran and the EU in Vienna.
He added that Tehran is interested in "a two-way trade," and "no longer interested in a unidirectional importation of goods and machinery from Europe," as the Iranian market has changed a lot over the years of sanctions. [ Source ]
Iran Secures $2 Billion in Trade Deals with European Companies
A senior Iranian government official has claimed Tehran has already successfully negotiated more than $2 billion-worth of trade deals with European companies, following last week's deal over its nuclear program.
"We are recently witnessing the return of European investors to the country. Some of these negotiations have concluded, and we have approved and granted them the foreign investment licenses and protections," Deputy Minister Mohammed Khazaei told a conference promoting EU-Iran trade, according to Reuters. [ Source ]