- From the section Business
What lifting Iran sanctions means for world markets
16 January 2016
The untangling of the world's most complex regime of sanctions starts now.
The European Union terminates all its nuclear-related economic sanctions including an embargo on buying Iranian crude oil, but more importantly, ends restrictions on Iranian trade, shipping and insurance.
"This is a day we were awaiting for years. There will be big changes," says Michael Tockuss, managing director of the German-Iranian chamber of commerce. (continue on http://www.bbc.com/news/business-35317159)
CHAMBERS OF COMMERCE & BUSINESS ASSOCIATIONS FROM GERMANY, FRANCE AND THE UK FORM EUROPEAN-IRANIAN BUSINESS ALLIANCE (EIBA) TO PROMOTE TRADE AND INVESTMENT WITH IRAN
London, 6th February 2015: The European-Iranian Business Alliance (EIBA) has been founded by Deutsch-Iranische Handelskammer e. V (DIHKEV) of Germany, Cercle Iran Economie (CIE) of France and the British-Iranian Chamber of Commerce (BICC) of the United Kingdom.
EIBA has been established now because negotiations on the nuclear dispute appear to have a real chance of success. EIBA is an unincorporated alliance of European national organisations whose sole purpose is the promotion of trade in goods and services, commerce and investment with Iran. The purpose of EIBA is to help European commerce regain the pre-eminent commercial relationship with Iran it enjoyed earlier in the 21st century. This it proposes to do by: sharing information among its member organisations; promoting the significance of Iran as a market to institutions and companies within Europe; and promoting, within Europe, an understanding of matters of joint concern in trade with Iran. EIBA members expect to hold seminars on matters of joint interest.
The EIBA is intended to assist Europe, through its businesses and institutions to refocus on business with Iran. It is not intended to interface with Iran; rather the national organisations will continue to work exclusively with the equivalent organisations in Iran to promote their direct national trade interests.