French business chiefs visit Iran as sanctions are eased

February 3, 2014 12:59


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A team of French entrepreneurs will meet Iranian business leaders on Monday on one of the biggest foreign trade missions to visit Tehran since the Islamic Republic won an easing of some economic sanctions.

The prospect of a relaxation of commercial restrictions has whetted the appetite of French firms eager to win back business in an oil- and gas-producing country of about 80 million people where some previously had extensive operations.

The delegation of more than 100 executives from the French Medef bosses' association will meet members of Iran's Chamber of Commerce, Industries, Mines and Agriculture later on Monday, said the official IRNA news agency .

Under November's interim deal between Iran and six world powers, Iran agreed to stop production of 20 percent enriched uranium by Jan. 20. In return some sanctions imposed over the nuclear program - which Western countries suspect is aimed at developing arms despite Iranian denials - were relaxed from that date.

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