Trump’s Win not to Jeopardize Deals - Iran

Local Editor

PSA Peugeot Citroen in July struck a framework deal with Iranian counterpart SAIPA to invest €300 million in the development and production of three Citroen models in Iran.

Iran said the election of Donald Trump as the new president of the United States will have no impacts on its industrial deals that it has sealed with global corporations.

Mohammad-Reza Nematzadeh, Iran's minister of industry, mine and trade, told reporters that the deals the country has signed over major industrial projects were independent from the nuclear deal that has come under repeated attacks by Trump in his campaign speeches.

Nematzadeh said the foreign parties to Iran's industrial contracts had in several occasions demanded to devise a mechanism to link their implementation on the fate of the Joint Comprehensive Plan of Action [JCPOA].

"However, we never accepted any preconditions [for signing the deals]," he said.

"None of the contracts that we have signed contain any reference to the JCPOA and we will go ahead with them under any condition".

Iran's industries minister further emphasized that the US under Trump cannot unilaterally cancel the nuclear deal with Iran that the administration of the outgoing president Barack Obama sealed with Tehran together with four other Security Council member states plus Germany - the so-called P5+1 - last year.

"The JCPOA does not involve only the US," Nematzadeh said. "Other countries are also involved in it. Therefore, it cannot be cancelled unilaterally. This was [the result of] an international decision that was adopted at the level of the United Nations".

On the same front, Pedram Soltani, the deputy president of Iran's Chamber of Commerce and one of the country's top merchants, told the domestic media that the election to power of a "hostile president" in the US cannot stop Iran's efforts to revive its trade ties with the world after the removal of multiple years of sanctions.

Source: News Agencies, Edited by website team