The Commission adopted Thursday a first package of EUR 18 million for
projects in support of sustainable economic and social development in
Iran, including EUR 8m aid to the private sector.
The projects are the first of a wider package of EUR 50 million for Iran, says the EU executive, which aims 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).
"Since the renewal of the EU-Iran relations as a result of the Iran nuclear deal, cooperation has developed in many sectors," says the EU's foreign policy chief Federica Mogherini: "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".
Activities supporting the private sector will include support to high-potential Iranian Small and Medium-sized Enterprises (SMEs), the development of selected value chains, and technical assistance to Iran's Trade Promotion Organisation, says the Commission.
Read more: EU provides Iran with EUR 18m development support — EUbusiness.com | EU news, business and politics
The projects are the first of a wider package of EUR 50 million for Iran, says the EU executive, which aims 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).
"Since the renewal of the EU-Iran relations as a result of the Iran nuclear deal, cooperation has developed in many sectors," says the EU's foreign policy chief Federica Mogherini: "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".
Activities supporting the private sector will include support to high-potential Iranian Small and Medium-sized Enterprises (SMEs), the development of selected value chains, and technical assistance to Iran's Trade Promotion Organisation, says the Commission.
Read more: EU provides Iran with EUR 18m development support — EUbusiness.com | EU news, business and politics
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