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Germany stands by Iran nuclear deal, praises it as 'historic window'

Source: Tehran Times

German Foreign Minister Sigmar Gabriel said on Tuesday a nuclear deal with Iran has helped lower the risk of a major conflict in the Mideast and that Germany will do whatever is possible to hold all parties to it. "Our clear position is we stand by this agreement," Gabriel told reporters after talks in Berlin with Iranian Foreign Minister Mohammad Javad Zarif.

Gabriel said the deal was "a great sign of hope" for the region and had opened a "historic window" for rekindling relations with Tehran.

The nuclear deal was sealed in Vienna in July 2015 after 18 months of negotiations led by former secretary of state John Kerry and diplomats from the other four permanent members of the UN Security Council - Britain, China, France and Russia - plus Germany and the European Union.

Under its terms, Iran agreed to curb its nuclear program in return for billions of dollars in sanctions relief.

U.S. President Donald Trump has condemned the agreement. Gabriel did not mention any other countries in his comments.

Zarif said he was "very happy to hear Germany takes it seriously."

Europe has been a strong supporter of the deal, urging hostile Trump to keep its side of the bargain.

Two weeks ago, European foreign policy chief Federica Mogherini said she was confident the U.S. would stick to the nuclear accord, despite its protestations to the contrary, as the deal is working.

"In any case the European Union will guarantee that the deal keeps, that we stick to that ... and that our policy of engagement with Iran continues," she asserted.

On July 20, the Trump administration has to extend sanctions waivers against Iran as stipulated under the deal.

German banks poised to finance projects in Iran

German banks are ready to finance economic projects in Iran, Federal Minister of Finance Wolfgang Schauble announced in a meeting with Iranian Foreign Minister Mohammad Javad Zarif in Berlin.

Underscoring the vitality of implementing Iran's nuclear deal with the six world powers- known as the Joint Comprehensive Plan of Action (JCPOA) - Schäuble said that his country welcomes expansion of banking cooperation with Iran, Tasnim news agency reported on Tuesday.

The Iranian foreign minister, who had traveled to Berlin to deliver speech in the European Council on Foreign Relations (ECFR) Annual Council Meeting, also visited German Economic Affairs and Energy Minister Brigitte Zypries, IRNA reported.

In this meeting, Zarif called Iran a reliable partner for Germany for manufacturing goods and exporting them to Middle Eastern countries.

Zypries, for her part, expressed content about the current annual three-billion-dollar bilateral trade between the two countries, saying that Germany is interested in boosting political and economic cooperation with Iran in all areas via fortifying insurance and banking ties.

During the meeting, Hermes, the official German export credit insurance agency, announced readiness to back investing projects in Iran, especially those in power and energy sectors.

... Payvand News - 06/28/17 ... --

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