Germany: Trade with Tehran will not be easy. We can not protect c

"US sanctions on European companies dealing with Iran after the United States withdraws from the nuclear deal are possible," White House national security adviser John Bolton said yesterday.
According to Reuters, "Bolton said in the" State of the Union "on CNN," that this is possible depends on the behavior of other governments. "
In contrast, "hopes" new US Secretary of State Mike Pompeo that his country and European countries can reach a deal that can be applied on Iran.
"I hope that in the coming days and weeks we will be able to reach a successful agreement that will really protect the world from Iran's harmful behavior," Pompeo said, adding that Washington was still willing to work closely with its European partners to reach a new agreement to confront Iran's " Not only on their nuclear program but also on their missiles and bad behavior, and I will work closely with the Europeans to try to do it. "
The withdrawal of US President Donald Trump from the nuclear deal with Iran has raised European allies' displeasure with Washington, sparking doubts about global oil supplies and the risk of conflict in the Middle East.
EU countries are seeking ways to maintain their huge trade deals with Iran after the US decision to withdraw with the nuclear deal with Tehran.
Since the agreement came into effect in 2016, major European companies have been rushing to trade billions with Iran, but thousands of jobs are now threatened with cancellation.
Many of these companies fear business damage with the United States if it continues its deals with Iran after a final deadline in November.
German Foreign Minister Haiku Mas said the state could rarely protect German companies that would continue business with Iran after the US nuclear deal ended with US sanctions against it.
"I do not see an easy solution in protecting companies from all the risks of US sanctions," Mas said in remarks to the German weekly Welt am Sonntag.
For that reason, talks with the Europeans, Iran and other signatories to the nuclear deal must deal with the way in which trade could be made available in the future with Iran, but pointed out that this would be very difficult.
The United States is seeking to have no business in the future with Iran to put pressure on the government in Tehran.
Companies have to decide whether they want to have a presence in the US or in the substantially smaller Iranian market, and they may be in danger of imposing severe US sanctions against them.
Under the nuclear deal, Iran pledged in 2015 to fundamentally curtail substantial parts of its nuclear program for at least a decade so that it could not build nuclear weapons. In exchange, sanctions have been lifted or suspended and the normalization of economic relations with the West has been promised.
US President Donald Trump on Tuesday announced his country's withdrawal from the nuclear deal signed with Iran, and signed the decision to withdraw. Trump said in a speech at the White House that the nuclear agreement allowed Iran to continue to enrich uranium and reach the brink of possession of nuclear weapons.
But what can the EU do? There has been legislation since 1996 aimed at countering US sanctions against Cuba.
EU officials are revising this legislation to avoid recent US sanctions on European companies dealing with Iran.
US authorities have imposed huge fines on banks to manage financial transactions with Iran, including the banks of "Standard Chartered" and "HSBC" and "Lloyds" based in Britain.
Before the imposition of sanctions on Iran in 2012, the EU was Iran's largest trading partner. In 2011, Iran had a large trade surplus with the EU. The year 2012 saw a significant drop in trade between the two countries, but it has been booming since 2016.
In 2017, the total European exports to Iran of goods and services amounted to 10.8 billion euros (12.9 billion dollars), while imports from revenues to the European bloc 10.1 billion euros, and the value of imports almost double the figures for 2016.
Most EU imports from Iran were energy-related products, with oil and other fuels exceeding 75 per cent of imports.
European exports to Iran were primarily machinery and transport equipment, followed by chemical products. According to the European Commissioner, trade with Iran accounts for only 0.6 percent of the world's total trade, while trade with China accounts for 22.3 percent of total Iranian trade.
Since the lifting of sanctions, major EU-Iran trade deals have been signed, including France's Total, which has signed a $ 5 billion contract to help Iran develop the world's largest gas field, the South Pars .

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