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Switzerland, Europe's leading exporter to Iran: report

Source: Tehran Times

Switzerland was the leading exporter of goods to Iran among European countries in the first 10 months of the current Iranian calendar year, which began on March 21, 2013, ISNA reported on Friday, citing the latest report released by the Iranian Customs Administration.

Switzerland exported 2.6 million tons of goods to Iran, valued at $1.9 billion, in the 10-month period, ranking the sixth major exporter to Iran next to the United Arab Emirates, China, India, South Korea, and Turkey.

According to the report, corn, soy, machinery, sugar, and medicine were the main items of goods Switzerland exported to Iran.

Switzerland says it has suspended part of its economic sanctions against Iran in accordance with the Geneva nuclear deal between Tehran and the six world powers, Press TV reported.

Switzerland has lifted a ban on precious metal trade with Iranian public bodies and eased restrictions on trade in petrochemical products, transport of Iranian oil and petroleum products, and the provision of insurance for shipments until August 14, 2014, the Swiss Federal Council said in a statement on Wednesday.

The statement also noted that ceilings were raised tenfold for transfers of funds to Iranians.

The Swiss council added that it was following a move by the European Union, which agreed on January 20 to suspend part of the sanctions imposed on Iran.

... Payvand News - 02/02/14 ... --

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