MOSCOW (Sputnik) — The European Union and Iran recognize the importance of economic, trade and investment cooperation, EU High Representative Federica Mogherini and Iran's Foreign Minister Javad Zarif said on Saturday.
"The two sides encourage the expansion of economic relations between EU and Iran, recognizing the importance of macro-economic issues, trade, finance and investment in achieving sustainable growth and development… The two sides strive to strengthen their bilateral cooperation on trade and investment matters," Mogherini and Zarif said in a joint statement published by the European Commission.
Morevover, the European Union and Iran are launching a joint civil nuclear project aimed at nuclear development and safety and cooperation on managing migration flows, EU High Representative Federica Mogherini and Iran's Foreign Minister Javad Zarif said on Saturday.
Welcoming the implementation day of the Joint Comprehensive Plan of Action (JCPOA) on 16 January 2016, the statement stressed that both sides are committed to the JCPOA that is opening a new chapter in EU-Iranian relations.
In July 2015, Tehran and six international mediators, including Russia, reached a historic deal on the Iranian nuclear program to ensure its peaceful nature in exchange for the suspension of the anti-Iran sanctions, in particular on its oil sector.
In mid-January, the sanctions were removed after the International Atomic Energy Agency verified Tehran’s compliance with the nuclear agreement. The move makes it possible for Iran to develop relations in various spheres with the European Union.
