A Persian language opposition website in the UK released a targeted news related to closing Iran-UK chamber of commerce and claimed that the body has been closed due to high expenses due to the US sanctions.
Iran-UK Chamber of Commerce is an administrative complex for delivery of consultative services to its members namely British companies which are willing to maintain trade ties with Iran, Hamid Baeidinejad said.
He added that the body in close relationship with its counterpart in Iran is facilitating commercial ties with Iran.
Iran-UK chamber had rented an office in London for years and had two or three staffers.
Last year, due to the end of the contract, the chamber had to rent a new office, but an increase in the amount of rent imposed a heavy budget on the body, he noted.
He reiterated that the officials of the Chamber decided to change the body into a digital service one to decrease expenses.
The developments just aimed at taking advantage of modern technology and not reducing chambers' activities or its closure, he noted.
Iran-UK chamber as an active body in developing trade ties between two countries held a meeting with the attendance of German banker Per Fischer who has been appointed as head of the Instrument in Support of Trade Exchanges (INSTEX) and also the British economic activists and managers of the UK companies.
The INSTEX, previously set up under the name Special Purpose Vehicle (SPV), was launched after months of delay last February to initially pave the way for food and drug exchanges and as an independent European entity and away from the dollar cycle, to expand the scope of its activities to other items.
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