January 15, 2016

IT'S A TRADE DEAL:

Iran without sanctions: European firms ready to pounce (Jim Boulden, 1/165/16, CNNMoney)

That day could come as soon as this weekend, and when it does the European Union will immediately lift most of its economic sanctions.

"Companies will want to move quickly once the sanctions are actually lifted, so many have already made provisional agreements with local partners," said Padraig O'Hannelly, editor of Iran Business News.

With China's economy cooling, and many other emerging markets struggling, the prospect of doing business with Iran is appealing to many European firms. Their American rivals may miss out, however, because the United States will leave many of its sanctions in place.

Posted by at January 15, 2016 1:52 PM

  

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