Iran prez in France for deals bonanza

Iran prez in France for deals bonanza

FPJ BureauUpdated: Friday, May 31, 2019, 06:38 PM IST
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Paris : Iranian President Hassan Rouhani will  agree a host of commercial deals during a visit to France that offers the clearest demonstration yet of the Islamic Republic’s post-sanctions buying power. Rouhani was formally welcomed to Paris by Foreign Minister Laurent Fabius with military honours and national anthems, for the first visit to France by an Iranian president for 17 years.

  It is the second leg of a trip signalling Tehran’s rapprochement with Europe following the lifting of the punishing sanctions imposed over its nuclear programme.

  The real business of the visit will come when Rouhani officially signals Iran’s intention to buy 114 passenger planes from European aircraft maker Airbus. Rouhani will also rubber-stamp a deal paving the way for the return of French carmaker Peugeot to Iran, according to a French government source.

Although the red carpet is being rolled out for Rouhani, the Iranian opposition will hold a human rights demonstration and Jewish groups also intend to protest in Paris. Rouhani is to hold talks with President Francois Hollande which are expected to include Iran’s role in Syria, where it is backing President Bashar al-Assad in a war that has killed 260,000 people.

Talks are due to begin Friday in Geneva to take tentative steps towards ending the conflict. After arriving from Italy, where he sealed deals for steel and pipelines worth between 15 and 17 billion euros ($18.5 billion), Rouhani began his Paris visit yesterday by meeting top French business leaders. France’s economy minister Emmanuel Macron said Rouhani had unveiled a new scheme to guarantee investment by French firms in Iran.

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