29 Mar 2024
Tuesday 25 August 2015 - 10:51
Story Code : 177490

Tehran, Manila to review banking cooperation

Kuala Lumpur, Aug 25, IRNA Iranian and Philipino officials in a meeting on Tuesday discussed ways to remove obstacles to further economic ties, banking cooperation in particular.

The meeting was held with participation of Governor of Central Bank of the Philippines Amando M. Tetangco and Iran's Ambassador to Manila Ali-Asghar Mohammadi.
Tetangco expressed satisfaction over the July 14 nuclear agreement between Iran and the six world powers, stressing the world society welcomed such a landmark agreement.
He then hoped the unjust sanctions against Iran would be lifted as soon as the nuclear deal is implemented.
Tetangco said the Philippine banking officials will review banking cooperation between Iran and the Philippines in the first coming meeting.
Surely, he said, removal of anti-Iran sanctions will lead to resumption of trade exchange between the two countries and facilitate investment.
For his part, the Iranian diplomat elaborated on Joint Comprehensive Plan of Action (JCPOA).
Mohammadi hoped anti-Iran sanctions would be lifted in next few months.
As the international societies have welcomed success in nuclear talks, the delegations from European and Asian countries have been diving for developing ties with Iran, said he.
There are considerable economic opportunities in Iran, the Iranian diplomat stressed.
Iran and the Philippines enjoyed over one billion dollar worth of exchange in 2011. As Manila accompanied the West to impose sanctions against Tehran and stopped importing the Iranian oil, the trade exchange between the two reached less than 200 million dollars after 2012.

By IRNA
https://theiranproject.com/vdchwqnzv23nqkd.01t2.html
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