Iran will overcome US sanctions, many countries ready to do business with Iran: Javad Zarif

Iranian Foreign Minister Mohammad Javad Zarif said on Monday that many countries are ready to do business with Iran even after implementation of second phase sanctions from November 4.

Zarif said in an interview with Kyodo News, “Many countries have shown readiness to do business with Iran”. He said that European signatories in JCPOA have made proposals on ways to continue to trade with Iran but some technical aspects are needed to be worked out.

Zarif said that apart from European signatories of JCPOA (Joint Comprehensive Plan of Action) “Russia, China and Japan are ready to implement their part”.

On September 24, on the sidelines of United Nations General Assembly, Iran and remaining five signatories of JCPOA issued a joint statement announcing the setting up of a Special Purpose Vehicle for payments to continue trade with Iran.

Later on Friday, a joint statement at the end of the two day Asia-Europe Meeting (ASEM) said, “Leaders recognized that, alongside full and effective implementation by Iran of its nuclear related commitments, the lifting of sanctions including the consequences arising from it constitutes an essential part of the JCPOA”.

Zarif also indicated that Iran is ready for negotiations with US without any preconditions and emphasized that for that mutual respect is required not the mutual confidence.

He said, “We do not have preconditions, but we can say that what is required for dialogue is mutual respect, not mutual confidence. Usually people (who) engage in negotiation do not necessarily have trust and confidence in each other, but it requires mutual respect”.

Zarif added, “The United States has failed to respect its legal obligations, [and] its treaty obligations. Unfortunately, the way that the United States has acted…has created conditions that would basically undermine the utility of negotiation”.

CM Jakhar

A news enthusiast by hobby, CM is the founder of Prediction Junction. He is always passionate to dig into the latest in the world and has a natural way of depicting his analysis and thoughts. His main motive is to bring the true and recent piece on where the world is heading.

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