Jan 21, 2014, 5:24 PM
News Code: 2626168
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Swedish SEB bank ready for permanent business in Iran

Tehran, Jan 21, IRNA – Swedish SEB bank is keen on permanent business with the Islamic Republic of Iran and resuming overseas operations in Tehran, the bank's senior consultant Magnus Schultz said on Tuesday.

He said that the Swedish bank was waiting lifting of banking sanctions to resume overseas operations in Iran and believes that the Geneva deal Iran struck with the western governments on November 24 will lead to complete fall of the sanctions system.

Schultz, who is on a visit to Iran heading a delegation, said the international sanctions imposed on Iran should be called legacy of the the dark era.

"As an EU member, Sweden had to follow the rules; though Sweden's trade ties with Iran downgraded in the sanctions period, we continued with presence in Iranian business market."

He said the Swedish companies do not care only selling their products in Iran, rather they have made planning to produce goods special for Iranian market and "It's an honor for us to produce Iranian-Swedish products."

He said that his visit aims at upgrading trade ties.

"We hope sanctions barriers will fall soon and the policymakers will lay the basis and proper ground thus raising volume of Tehran-Stockholm trade."

He hoped that the new international situation will help enhance level of trade relations saying that Sweden honors the EU rules.

EU declared on Monday that it lifted EU unilateral sanctions on Iran after Iran voluntarily stopped cascades of 20 percent uranium enrichment centrifuges.