The US, EU, UK, France, and Germany have published a joint statement post the JCPOA in January. The statement says:
- there are now extensive economic opportunities for companies and financial institutions in Europe and around the world to do business in Iran, the interest of European and other global firms in Iran is high;
- these countries “will not stand in the way of permitted business activity with Iran” as long as they follow all applicable laws, and they “encourage firms to approach our governments to address remaining questions, rather than forgo opportunities due to misperceptions or lack of information”;
- the EU and its Member States are exploring possible areas of cooperation with Iran, including the use of export credits to facilitate trade, project financing, and investment in Iran;
- “the due diligence required for sanctions compliance is by no means unique to business opportunities in Iran”; and
- for Iran to realize the economic improvement it desires, it will also have to take steps to create an environment conducive to international investment, particularly regarding the compliance with FATF recommendations.