Thursday, 24 August, 2017

UK voices support for Iran’s WTO membership

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UK says it will support Iran in gaining the membership of the World Trade Organization (WTO), IRNA reported.

British Secretary of State for Business, Innovation and Skills Sajid Javid voiced his country’s support for Iran’s jointing World Trade Organization.

Speaking during a meeting in London on Thursday with Iran’s Charge d’affaires in Britain Mohammad-Hassan Habibollahzadeh, Javid said that David Cameron’s government supports active presence of British companies in Iran and encourages further investment in the country.

Javid added he will visit Tehran next month at the head of a top-ranking trade and economic delegation.

Referring to the significance of Iran as an emerging market, he said that the upcoming visit to Tehran by the British delegation indicates Britain’s determination to boost trade with Iran.

Meanwhile, the Iranian diplomat reiterated that the UK government has to honor its commitments to the nuclear deal Iran reached last July with the six world powers including Britain – widely known as the Joint Comprehensive Plan of Action.

Relations between Britain and Iran have improved during the past year, spurred by the centrist approach of Hassan Rouhani, Iran’s president.

An international deal on Iran’s nuclear programme last year was followed by the reopening of the British embassy in Tehran and then — in January — by the lifting of a range of EU and US economic sanctions.

Last year’s nuclear agreement gave Tehran access to tens of billions of dollars in unfrozen assets and prompted predictions that Iran could attract up to $50bn of investment in just one year.

Francis Maude, Britain’s outgoing trade minister said in January that UK businesses should “take advantage of the commercial opportunities that will arise from sanction relief”.

Key sectors include oil and gas, with Shell this week repaying a longstanding £1.4bn debt to Iran’s national oil company, a move that could pave the way for future investment in the country.

Lord Lamont, the former chancellor, has been appointed trade envoy to Iran, as part of a broader government push to increase Britain’s exports. The Tory peer already chaired the British Iranian Chamber of Commerce.

Philip Hammond became the first foreign secretary to visit Iran since 2003 when he attended the reopening of the British embassy last August. Lord Maude, former trade minister, took a small business delegation to the country in late October.

Photo: Sajid Javid, UK Secretary of State for Business, Innovation and Skills

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1 Comment

  1. Amir

    March 25, 2016 at 5:47 pm

    The Britain actions to promote Iran into WTO reminds me my childhood activities when I was a teenage kid in the our neighborhood ( koocheh). I was very good at Walnut game, “gherdoobazi”. I was like a professional in the game since I knew how to make the walnut sat lay on the ground without jumping into the air up and down. The British government actions promoting Iran to WTO reminds me the same déjà’ vu. The trick was very simple; put some dough within the core of the walnut and then closing it at the rims by using electric tape all over it since it was permissible to use the electric tape.
    Back then all the kids in our alley wanted to join me since nobody had any clue my tricks and intentions. The British government nice and happy faces these days remind me that how a country can influence the public domain for its hidden agendas; to be in control without respectful mutual relationships. Where have they been where Iran and Iranians were under severe sanctions in modern history? Where have they been when an Iranian person could not find a simple medicine for his/her mother? Yesterday, Dubai was the island of investments, and now, Iran? Why?
    All I am saying, Iranian officials should do their due diligence before entering the game of WTO promotions by British. Like a Chest game; never underestimate the other side, always be alert and never let your guards down. The hidden agendas are always there. Involvements are good as long as the respectful mutual relationships are in place, not for a short time, FOR EVER. Let’s see how the game will play out.

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