News / Politics

Iran, Austria must counter financing for terrorism

Saturday, 04 June 2016 4:03 PM [ Last Update: Saturday, 04 June 2016 4:06 PM ]

Iranian Minister of Finance and Economic Affairs Ali Tayyeb-Nia

Iranian Minister of Finance and Economic Affairs Ali Tayyeb-Nia says Iran and Austria need to enhance cooperation in the banking sector and work toward stopping the flow of financial aid to terrorists.

In a meeting with Austrian Finance Minister Hans-Joerg Schelling in Vienna on Saturday, Tayyeb-Nia outlined Iran’s steps to achieve economic development.

He also discussed measures taken by Iran through legal channels to obstruct money laundering as well as the delivery of financial aid to terrorists, and called for the expansion of bilateral cooperation in such areas.

Tayyeb-Nia proposed forming a special committee by Tehran and Vienna to accelerate the implementation of agreements reached between the two sides, removing certain problems caused as a result of international sanctions against Iran and helping Austrian companies in promoting cooperation with Tehran in the near future.

Schelling, for his part, welcomed the proposal and described it as an important measure to enhance economic cooperation between Tehran and Vienna.

The Austrian minister also expressed his country’s readiness to boost banking cooperation with Iran.

The Iranian and Austrian ministers also agreed to finalize agreements to avoid double taxation as soon as possible.

Following the implementation of last July’s nuclear agreement, knows as the Joint Comprehensive Plan of Action (JCPOA), between Iran and the P5+1 group of countries, Tehran signed several deals with different countries to strengthen its cooperation in banking, trade and economic sectors.

Iran and the five permanent members of the UN Security Council – the United States, France, Britain, China and Russia – plus Germany started implementing the JCPOA on January 16.

Under the deal, all nuclear-related sanctions imposed on Iran by the European Union, the Security Council and the US would be lifted. Iran has, in return, put some limitations on its nuclear activities.

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