Rouhani: JCPOA Removes Obstacles for Boosting Economic Ties

The nuclear deal between Iran and G5+1, known as the JCPOA, has removed the obstacles to promotion of economic cooperation, President Hassan Rouhani says.

The Iranian President during his meeting on Wednesday with Swiss President Johann Schneider-Ammann, expressed hope that Iran and Switzerland would be able to enhance bilateral economic ties following, implementation of the Joint Comprehensive Plan of Action.

‘There are considerable potential for developing economic ties between Iran and Switzerland,’ President Rouhani told Schneider-Ammann on the sidelines of the 71st Regular Session of the UN General Assembly.

‘But we need to activate banking ties in order to fully exploit the potential, Rouhani said.

The Iranian President said that to implement the nuclear deal, it is vital that all parties be committed to their JCPOA obligations.

‘The EU governments, including Switzerland, should try to reassure their big banks to reestablish ties with Iran,’ Rouhani said.

‘Presently Iran is executing important projects at domestic and regional levels, including construction of a network of railroads and development of ports that will ultimately link the region to the Mediterranean region and ultimately to Europe, ‘ he said.

‘Iran and Switzerland are capable of launching joint investment projects in the region,’ Rouhani said.

The President of Swiss Confederation, for his part, said that his country was intended to develop its economic, financial and banking ties with the Islamic Republic.

Schneider-Ammann urged that Iran and Switzerland try to solve problems step by step.

Switzerland has the will to enhance its ties with Iran to a high level, he said.

Italy has a chance to become Iran’s main European trade partner again, says Rouhani

In Tehran, President Hassan Rouhani said that Iran nuclear deal provides Italy with the opportunity to become Iran’s main European trade partner once again.

Rouhani made the remarks in a meeting with Italian Prime Minister Matteo Renzi on the sidelines on the 71st UN General Assembly in New York.

Underlining the role of private sectors of the two countries to upgrade the economic relations between Tehran and Rome, Rouhani said that the Iranian and Italian private sectors has to be encouraged to develop ties.

President Rouhani recalled the nuclear deal reached between Iran and the six world powers last year, saying that the Iranian and Italian nations and companies have to be able to benefit from the nuclear deal.

He said that the European leaders must give the necessary guarantees to the banks and insurance companies to develop financial cooperation with Iran.

The Italian prime minister, for his part, said that his country is enthusiastically looking for expansion of relations with Tehran.

He said that a top-ranking Italian delegation is scheduled to visit Iran in the next five months and that the Italian SACE Insurance Group is ready to provide Iran with trade guarantees.

Renzi reiterated Italy’s commitment to Iran nuclear deal, saying Rome will do whatever it can to help implement the deal.

He said that Italy is ready to cooperate with Iran on regional and international issues.

IRNA

R.S