Saturday, 15 June, 2019

First UK trade delegation to visit Iran

A UK trade delegation is set to visit Iran on October 2, Iran’s Deputy Oil Minister for International Affairs Amir Hossein Zamani Nia told reporters after a meeting with the UK’s Chargé d’Affaires to Iran Ajay Sharma.

The delegation will include 15 top managers and experts from energy, law, engineering and other sectors, who will look for opportunities in the emerging Iranian market.

According to a report by the UK-based Sunday Guardian newspaper, Director General of the British-Iranian Chamber of Commerce Martin Johnston is hoping to lead the UK’s first trade delegation to Tehran in years this October.

While members of the delegation have not yet been specified, former British ambassador to Tehran Richard Dalton is expected to accompany the delegation.

Strong prospects for pharmaceuticals, medical exports, agricultural and general engineering products are likely to be reviewed, and it is understood that Shell and BP are interested in investments that would offer opportunities in the British oil and gas supply chain, the Sunday Guardian added.

The visit comes after Britain reopened its embassy in Iran on August 23, nearly four years after it was closed.

UK Foreign Secretary Philip Hammond attended the reopening ceremony in Tehran.

Hammond was the first UK foreign secretary to visit Iran since 2003.

Big French business delegation on the way to Tehran

France’s main business lobby group, the Medef, is sending a delegation comprising more than 100 firms to Iran, including companies such as oil major Total, plane-maker Airbus and car manufacturer Peugeot.

The delegation includes most of France’s CAC 40 companies, but also small and medium enterprises with sectors as wide-ranging as agriculture, finance, luxury goods, pharmaceuticals, construction and transport represented, Reuters reported.

The delegation will be headed by Agriculture Minister Stephane Le Foll and Trade Minister Matthias Fekl, who will open a new trade office in the Iranian capital on September 22.

The planned visits by foreign delegations to Iran follow the historic nuclear agreement between Tehran and P5+1 group of countries over Iran’s nuclear program.

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