Iran’s Economic Diplomacy

Iran’s Economic Diplomacy

By Mahmood Khaghani for Trend

Doubts over US President Donald Trump's decision to recertify Iran's compliance with the nuclear deal has created a situation in which global trade and business communities have agreed to start thinking to work together and set up a new line for trade and business relationships with Iran.

During a recent conference on Europe-Iran business in Zurich, the sides discussed progress as well as Iranian business community's interest in partnership with their non-Iranian counterparts for attracting foreign investment and developing trade.

The Education and Research Institute of Iran Chamber of Commerce and the Research Institute of Energy Management and Planning (RIEMP), affiliated with University of Tehran, have supported the Iran Commodity Trading Forum, which will take place in follow up of Zurich event on Oct. 24-26, 2017, in Geneva, Switzerland.

One Iranian businessman in Switzerland has said: “I was happy to hear that European officials are strongly standing against President Trump’s negative stance against the 5+1 nations’ agreement with Iran. It seems not only EU countries, but also other nations will show a tough and united front against any US re-imposition of any nuclear-related sanction on Iran, particularly, at a time that the International Atomic Energy Agency has repeatedly confirmed Iran’s compliance with the 2015 agreement.”

Some European officials have also been quoted as privately saying that they are confident about EU countries’ ability to proceed with their trade and business relationships with Iran, despite a potential resumption of US penalties if Trump decides not to certify that Iran’s compliance with the deal on Oct. 12.

In response to a question from Al-Monitor about the impact of a possible return of US sanctions, Philippe Delleur, a senior vice president of the French train manufacturer Alstom, has said: “We should be able to continue to work.”

One Iranian businessman in Tehran believes the US business community needs to understand that unilateral US sanctions which were not lifted by the Joint Comprehensive Plan of Action (JCPOA) and President Trump’s “Art of Bad Deals” have blocked the possibility for US and Iran business relations. On the other hand, European companies have been the chief beneficiaries of the agreement.

Commodity trade with Iran since JCPOA was signed has increased noticeably. Masoud Khansari, president of the Tehran Chamber of Commerce, Industries, Mines and Agriculture, has been quoted by media as saying that Iranian trade with European Union members doubled in the first half of 2017, compared with the same period last year.

“The next four years will be the most suitable time for development of economic relations between Europe and Iran,” Khansari said at the fourth Europe-Iran Forum.

Amir Farhadi, head of Iran Portfolio at the International Research Networks (IRN), a UK-based company, says: “IRN has organized many events on Iran before and after JCPOA with its Iranian co-organizers. IRN is of the view that Iran geo-energy, geo-trade, geo-transportation (Silk Road) etc. between Caspian Sea and Persian Gulf has a major role to play in global economy. In fact the Iran Commodity Trade Forum on Oct. 24-26, 2017 in Geneva, Switzerland, and the Iran Infrastructure & Construction Sector Forum on Nov. 28-30, 2017 in Istanbul, Turkey, are planned to take place after Oct. 12 by co-organizers and sponsors to show that things have changed and all in the world will benefit through enhancing and improving their Economic Diplomacy with Iran.”

Mahmood Khaghani, now retired, has over 33 years of work experience at senior international positions of Iran's petroleum industry, including as the head of the Oil Ministry's Caspian Sea and Central Asia Department, as well as business development and joint ventures adviser of Iran's North Drilling Company. He was also the director for energy, minerals and environment at the ECO Secretariat in 1996-2000.

Azerbaijani Bank of Baku's net profit declines multifold
Azerbaijani Bank of Baku's net profit declines multifold
Azerbaijani communication operator opens tender on repair, construction work
Azerbaijani communication operator opens tender on repair, construction work
Tender to buy household goods announced by Azerbaijan's Aztelecom
Tender to buy household goods announced by Azerbaijan's Aztelecom
Loading Bars
France becomes 2nd EU country with over 1 mln COVID-19 cases, record daily caseloads haunting Europe
Palestinians condemn normalization agreement between Sudan, Israel
New York early voting starts on Saturday, 1st time in its history
McDonald's urges dismissal of Black former franchisees' discrimination lawsuit
Sudan becomes third Arab state to set aside hostilities with Israel this year
Artillery units, command post of Armenian armed forces destroyed as result of airstrikes (VIDEO)
Jeyhun Bayramov met with assistant to President for US National Security Affairs
Military volunteers, equipment of Armenian Armed Forces destroyed in directions of Khojavend, Fuzuli (VİDEO)
UAVs of Azerbaijan do not conduct flight over territory of Armenia - MoD
Azerbaijan has enough armored vehicles in its arsenal, uses them in operational situations - MoD
Information on alleged artillery shelling of Khankendi and Khojavend districts by Azerbaijan - not true
Chairperson, deputy chairperson of US - Educated Azerbaijani Alumni Association appeal to US Secretary of State
Yerevan not interested in peace, wants to escalate conflict, make it a regional one, says Azerbaijani's First VP
Information spread by Armenian side on Iran's artillery shelling Azerbaijan’s positions - false
Turkey reduces volume of exports of mining industry
Iran discloses value of exports from Tehran Province
Georgia increases import of ground and instant coffee
Japan plans to recruit astronauts in 2021, first time in 13 yrs
Kazakhstan increases exports to Denmark despite COVID-19
Azerbaijani FM talks Karabakh conflict with US Secretary of State
Azerbaijani Bank of Baku's net profit declines multifold
Member of UK’s House of Lords condemns Armenia’s missile attacks on Azerbaijan’s Ganja
Rejection of UN’s unfair statement – another diplomatic victory for Azerbaijani president
Azerbaijani Xalq Bank's income for 9M2020 published
Data on cargo handling from US via Turkish ports for 9M2020 revealed
Azerbaijani soldiers liberate cities, settlements from occupation one after another - First VP
Export of cars from Turkey to Russia down – Trade ministry
Export of cars from Turkey to Turkmenistan drops
Export of cars from Turkey to Tajikistan down
Export of cars from Turkey to Ukraine up – Trade ministry
Armenia attracting mercenaries to occupied territories of Azerbaijan
Targeting Azerbaijani civilians by Armenia - crime, says Uzbek ambassador
Azerbaijani MoD shows footage of liberated Minbashyly village in Jabrayil district (VIDEO)
Cabinet of Ministers bans entry/exit to several Azerbaijani cities and districts
Armenia poses threat to Trans-Caspian International Transport Route
Azerbaijan's Xalq Bank discloses its assets for 9M2020
Payments with foreign cards down in Georgia
Export operations between Azerbaijan and Croatia double
New terminal to be built in Georgia's Poti port
Azerbaijani Prosecutor General's Office gives updates on damages, following Armenia's attacks
Meeting between Azerbaijani FM and US secretary of state held
Kazakhstan's import from Poland down amid COVID-19
ADB supports Georgia in its COVID-19 fight
Azerbaijan, Latvia keen to increase mutual investments (PHOTO)
Russian president's statement on Karabakh generally suits Azerbaijan - deputy parliament speaker
Armenians threatening to kill French TV channel's journalist (PHOTOS)
ISET-PI thnk-tank updates its real GDP growth forecast for Georgia
Azerbaijan's troops liberate villages in Khojavend, Jabrayil, Zangilan districts
Azerbaijan liberates 4 Gubadli district villages from Armenia's occupation
Georgia to allocate funds for marketing of its wine
EAEU reveals volume of food oil exports to Turkmenistan
Secretary General of Organization of Islamic Countries supports Azerbaijan
Georgia to issue agricultural loans to promote primary production of annual crops
Turkmenistan's Turkmennebit opens tender for purchase of pipes
Uzbekistan to maintain positive GDP growth despite difficult economic conditions
Uzbekistan’s National Bank likely to be backed by gov't, Fitch Ratings says
Azerbaijani people trust their president - First VP Mehriban Aliyeva
Percentage share of Austria in Azerbaijan's total import slightly grows
Kazakhstan’s KazMunayGas receives ESG rating in sustainable development
Chairman of US Educated Azerbaijani Alumni Association appeals to US Ambassador in Azerbaijan
Surrendered Armenian officer says Karabakh isn't Armenian land
Armenian armed forces' manpower, armored vehicles destroyed, says Azerbaijani MoD (VIDEO)
Azerbaijan itself doing what Minsk Group didn’t - MP
Inflow of funds to Georgia up
Kazakhstan must invest in agriculture technologies oriented towards Kazakh reality
Israel sends humanitarian aid to Azerbaijan (PHOTO)
Uzbek import of cars from Turkey shrinks
Ballistic missile attacks on Gabala and other Azerbaijani cities - vandalism and fascism of Armenian leadership - People's Artist
Volume of nine-month cargo shipment from Germany via Turkish ports revealed
Iran to implement second phase of ring road around Hormoz Island
Turkmengas to buy geophysical equipment via tender
New buses to start serving passengers in Georgian Tbilisi
Deutsche Bank: Brexit trade costs will be 'material' deal or no deal
Metallurgical products import to Uzbekistan to be reduced via metallurgical plant in Tashkent
Stable basic export rate could help boost Iran's exports
Iran to settle all wheat farmers' claims
WB implements new project in Georgia
President Aliyev holds phone conversation with father of National Hero of Azerbaijan Shukur Hamidov
Iran plans to establish trade centers
New company admitted to Baku Stock Exchange
Shukur Hamidov's name will be immortalized in Gubadli district
Iran reveals its COVID-19 data for October 23
Iran increases number of emergency beds in hospitals
Ambassador welcomes liberation of Azerbaijan's Agbend settlement on border with Iran
Turkey hopes for achieving success in Karabakh conflict settlement together with Russia - Erdogan
Putin's comments were response to those taking anti-Azerbaijani position, analyst says
Kazakhstan's postal service operator to buy petrol via tender
Discussions on Karabakh conflict held at UN Security Council 25 years later - Assistant to Azerbaijani president
Export of cars to Kyrgyzstan spiked - Turkish Ministry of Trade
Turkmenistan increases fruit imports from EAEU countries
It's incorrect to talk about CSTO's help, while conflict taking place in Karabakh - Russian MFA
Azerbaijan confirms 212 more COVID-19 recoveries
No objective benefit for NATO's open support to any party of Karabakh conflict - Russian expert
Georgia reveals total projected harvest of grapes in 2020
Gold, silver prices in Azerbaijan down
Armenia carries out eco-terrorism against Azerbaijan
Georgia names number of beneficiaries received discount cards under agro-diesel promotion program
Captured Armenian soldier admits presence of foreign mercenaries in Armenia (PHOTO/VIDEO)
Azerbaijani media working hard in information space, demonstrating objectivity, accuracy - MP
Daimler lifts profit forecast as China snaps up luxury cars
All news