European Commission adopts support package for Iran, with a focus on the private sector

European Commission adopts support package for Iran, with a focus on the private sector Brussels, 23 August 2018 European Commission - Press release The Commission today adopted a first package of 18 million for projects in support of sustainable economic and social development in the Islamic Republic of Iran, including 8 million assistance to the private sector. Today's projects are the first of a wider package of 50 million for Iran, aiming to support the country to address key economic and social challenges. They are part of the renewed cooperation and engagement between the European Union and Iran following the conclusion of the Joint Comprehensive Plan of Action (JCPOA). High Representative/Vice-President Federica Mogherini said: Since the renewal of the EU-Iran relations as a result of the Iran nuclear deal, cooperation has developed in many sectors. We are committed to sustain it and this new package will widen economic and sectoral relations in areas that are of direct benefit to our citizens. Commissioner for International Cooperation and Development, Neven Mimica, said: With these measures, the EU demonstrates its support to the Iranian people and their peaceful and sustainable development. It encourages stronger involvement of all actors in Iran and in particular the private sector. Activities supporting the private sector will include support to high-potential Iranian Small and Mediumsized Enterprises (SMEs), the development of selected value chains, and...