UK wants US moves to ease Iran trade

Britain has called on the United States to take what it has described as “more practical steps” to assist bans in trading with Iran now that the sanctions against the country have been lifted.

Sir Richard Dalton, President of British-Iranian Chamber of Commerce, has emphasized that the US needs to tell its banks “that in the context of lifting the sanctions, it is safe and welcomed for them to do business [in Iran].”

“There is still some work to get that message through to banks,” Dalton has told Iran’s IRNA news agency.

He added that international banks need to renew their procedures to better approach the Iranian market in the post-sanctions era. They need to have more confidence in the assurances given to companies by the US in particular, the official emphasized.

“The US sincerely wants to see trade with Iran develop. Iran has carried out its obligations under the nuclear agreement and so has the US,” said Dalton, who was a former British ambassador to Tehran (2003-2006). “Good assurances have been given and we are working to follow them up.”

The official also said he viewed the prospects of trade with Iran for the British companies as bright.

“There are interests of many British companies in renewing their friendship with Iranian partners. We have led delegations to Iran to introduce new companies with the assistance of the Iran and British Chamber of Commerce in Tehran and we look forward to hosting more Iranian Business people here in London,” he said.

“We are also working hard to resolve the problems that are still in impeding some trades namely the reluctance of some banks to finance transactions with Iran.”

By Press TV

Source Article from http://theiranproject.com/blog/2016/07/14/uk-wants-us-moves-ease-iran-trade/

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