EU to Host Confab on Post-Trump Investor Opportunities in Iran

EghtesadOnline: European investors with ambitions to tap into Iranian markets, when US sanctions are lifted under the upcoming Joe Biden administration are being invited to attend a Dec. 14-16 conference funded by the European Union.

News ID: ۷۵۱۵۰۸

17 November 2020

The Europe-Iran Business Forum is organized by the UN’s International Trade Center—an agency jointly managed by the United Nations, World Trade Organization and Iran Trade Promotion Organization.

The Milan-based European House-Ambrosetti, which is also supporting the event, will host it on the company’s online conference platform, bne IntelliNews reported.

The forum will be the first event of its kind in two years, according to its organizers.

International conferences on Iran’s economy, trade and banking sectors became common following the signing of the 2015 nuclear deal by Iran, the US, the UK, France, Germany, Russia and China. But they became a rarity after US President Donald Trump pulled Washington out of the accord in 2018 and reimposed crushing sanctions on the Islamic Republic and introduced secondary sanctions aimed at many foreign investors that continued to do business with the country.

President-elect Joe Biden has pledged to return the US to the nuclear deal, which was brokered by the Obama administration when he was vice president, if Iran returns to full compliance with it in exchange for the US doing the same and thereby lifting the Trump sanctions.