France will encourage its firms to do business in Iran despite uncertainty over a landmark 2015 nuclear deal putting the business environment in “limbo,” a senior French finance official said on Thursday.
Along with other European countries, France has been looking to increase trade with Iran since Paris, Washington and other world powers agreed to lift most economic sanctions in 2016 in exchange for limitations on Tehran’s nuclear program.
But US President Donald Trump on Jan. 12 vowed to restore US sanctions unless France, Britain and Germany change what he calls the “worst deal ever” to his liking, effectively putting it on life support until mid-May.
“We are encouraging companies to keep doing business in Iran,” Joffrey Celestin-Urbain, director of bilateral relations at the finance ministry told a Euromoney Iran conference.
by Reuters and Algemeiner Staff