Sanctions against Iran persists, Britain will not encourage Iran trade

In the conference which was held on 15^th – 16^th October, 2014 is noted as one of the largest gathering of Iranian commercial officials which takes place in London. The conference which took place last month in October, 2014 aim to attract capital, which Iran badly needs owing to its long isolation under international sanctions. On the other hand, as world powers endeavor to achieve a deal with Iran on its nuclear programme sooner than its deadline on 24^th November, 2014, the Europe-Iran Forum is being held at a politically susceptible moment.

According to the sources, Britain still does not persuade to trade with Iran and has withdrawn all the commercial support for trade, in spite of an easing of tensions, since Iranian President Hassan Rouhani has sighted as a realistic member of the clergy, in 2013 it succeeded the fiercely anti-Western Mahmoud Ahmadinejad.

Nevertheless, the country wants to diversify beyond pharmaceuticals to oil from technology to everything, amid a population of close to 80 million and more of its young people going into higher education.

According to one of the researched report, in the year 2015 the Iranian economy in the current fiscal year will rise up to 1.5% mounting to 2.2% and this rise marks a ricochet from a 1.9% decline in 2013. But before the sanctions bit it remains far from 5% growth rates achieved.

Nevertheless, isolation of Iran remains far over for all the improvement in the diplomatic mood under Rouhani. Last year in 2013, Tehran struck a preliminary nuclear agreement with the world powers which is known as the P5+1 (the United States, United Kingdom, Germany, France, Russia, and China, facilitated by the European Union), endearing a limited slackening of the sanctions. However the country made a little progress before the deadline on reaching a final settlement was being discussed in New York in the month of September, 2014.

According to the industry expert, a major investment attraction is being represented by Iran through a liquid and well-developed stock market and diversified economy, however this achievement of Iran might take some time.

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