Official: EU support for Iran’s WTO membership a JCPOA outcome

The European Union support for Iran’s accession bid to World Trade Organization (WTO) is an outcome of the last year nuclear agreement, a senior economic official said on Tuesday.

Mohammad Reza Ansari, the deputy head of Iran’s Chamber of Commerce, said although the Western sanctions on Iran failed to cut Iran’s economic relations with the world, they created problems for its economy, IRNA reported.

Iranian economy can be globalized once Iran joins WTO, Ansari said, adding that Iran would produce goods with the comparative advantages for export to the competitive global markets.

Most of the world countries are WTO members and have different transactions with each other, he said in reference to the privileges they enjoy as per the General Agreement on Trade and Tariff.

Iran applied for WTO membership in 1996, but, the United States has blocked the process due to illogical animosity with 80 million people.

Iran’s accession bid was reviewed for a 22nd time in 2005 and despite the previous times, it was not the subject for the US objection. Therefore, Iran was admitted as an observer member of WTO and its full membership was put on the agenda.

Following the return of an EU delegation from Iran visit last month, EU foreign policy chief Federica Mogherini issued a statement supporting the Iranian bid to join the organization.

Leave a Reply