Iran Finalizing Banking Deals with France

TABRIZ (Tasnim) – Iran’s Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh said the country is in financial talks with France to finalize banking agreements between the two countries.

Iran Finalizing Banking Deals with France

Addressing a conference on the promotion of non-oil exports, held Saturday in the northwestern city of Tabriz, Nematzadeh said the negotiations with France follow talks with a number of Italian banks.

“Three Italian banks have recently signed memoranda of understanding with three Iranian banks,” the minister noted.

He added that banking transactions with foreign countries will be facilitated as soon as the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) comes into force.

Iran and the six powers on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran’s nuclear energy program. The accord will terminate all nuclear-related sanctions imposed on Iran after taking effect.

Experts believe that Iran’s economic growth would rise remarkably after the final nuclear deal takes effect.

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