Friday, 14 August, 2020

24-member UK trade delegation on the way to Iran

The first UK commercial delegation in years is scheduled to visit Iran soon to discuss potential investment opportunities with Iranian businessmen and economic officials.

The high-level trade delegation, consisting of 24 investors, will arrive in Iran next week  to talk with Iran’s economic officials.

 The delegation is headed by Martin Johnson, Director General of the British Iranian Chamber of Commerce and accompanied by Richard Dalton, former British Ambassador to Iran.

The British delegation consists of some representatives who are active in UK gas and oil industry.

Earlier, British companies such as Shell and British Petroleum had announced their readiness to cooperate with Iran.

This is the first presence of a top British commercial delegation in Iran over the last 10 years.

UK Secretary of State Philip Hammond met with Iran’s Oil Minister in September. After the meeting, Bijan Namdar Zangeneh said: “After many ups and downs in Iran-UK relations, I do believe that a new relationship, which is based on mutual respect and win-win cooperation, should be formed between the companies of both sides.”

Iran’s Oil Minister insisted that there was a big difference between Iran’s present position and Iran’s position fourteen years ago. “The success of British businessmen in Iran depends on both investment and joint production. They don’t see Iran’s market only for the sale of their goods but they cover regional market through Iran’s market.” Bijan Namdar Zangeneh added.

British meetings in Iran did not end in Iran’s Oil Minister and Foreign Affairs Minister but UK Chargé d’affaires visited Deputy Oil Minister for International Affairs and Trade on September 19. After the meeting, Amir Hossein Zamaninia mentioned: “We talked about top cooperative priorities between both countries after all sanctions are lifted.”

In August, Hammond re-opened UK embassy in Tehran officially, marking a major step in the thawing of relations between the UK and Iran.

The UK embassy was closed in 2011 after it was stormed by protesters during a demonstration against sanctions.

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