It follows a visit by the Iranian diplomat to Beijing on Sunday where he stressed the importance of keeping the accords, which were signed in 2015 with the aim of both halting Tehran's nuclear ambitions and stimulating the country's economy.
According to O Sullivan, where they will begin to develop a "coherent and consistent policy measures for the conservation of European business interests in Iran, while protecting your investment from the USA sanctions".
New Zealand exported $120 million of goods to Iran previous year, with dairy products making up three-quarters of that. The US backed down before any sanctions were implemented."We want to reinforce this regulation and incorporate the recent decisions taken by the United States", Le Maire said.He also proposed a European agency capable of following the activities of foreign companies. Geopolitical tensions would likely ratchet up to record levels, putting sharp upward pressure on oil prices and breaking the catch 22 of U.S. rising supplies versus Opec plus Russian Federation supply cuts. Iran's exports to Germany meanwhile amounted to 314 million euros in 2016 and 410 million euros in 2017.
European Union foreign policy chief Federica Mogherini insisted that it's not up to the U.S.to determine the deal's future anyway. "It depends on the conduct of other governments".
That appears unlikely after US Treasury Secretary Steven Mnuchin said on Tuesday that licenses for the planemaker and rival Boeing Co to sell passenger jets to Iran would be revoked. In the administration's view, measures like crippling USA -led sanctions against Pyongyang's critical industries brought North Korean leader Kim Jong Un to his knees - and the same policy should work with Tehran, as well. He noted another agreement with Iran should be signed. It's obvious that our nation will never allow the Europeans to impose the "JCPOAII" through the smile tactic, and our country's foreign policy system should make sure that the European authorities well understood this issue.
It also demanded that Iran cease supplying weapons to the Houthi rebels, who have been at war with Tehran's archenemy Saudi Arabia, end cyberattacks against the USA and its allies, stop menacing US military ships in the Persian Gulf and abandon its rhetoric about destroying Israel.
Representatives in the industry had already expressed their concern about difficulties exporting to Iran, the minister said.
Donald Trump last night tore up the Iran nuclear deal which could force Britain's biggest businesses out of the country
Despite complaints in European capitals, Mr. Bolton suggested that European allies might agree to new US approach once they digest Mr. Trump's decision and face the threat of sanctions.
While the focus of Tuesday's talks was on salvaging the nuclear deal, European Union diplomats said they needed some time to clarify the USA policy on sanctions, but also generally toward Iran.
"We are on the right path to move forward", he said.
In the CNN interview, Bolton did not respond directly when asked whether Trump might seek "regime change" in Iran, or whether the United States military would be ordered to make a preemptive strike against any Iranian nuclear facility. "President Trump's withdrawal is denying them that wealth, denying them the resources to continue their bad behavior, to take the money away from them", he said.
After the President threatened foreign firms that continue trading with Iran with "strong sanctions", Trump's national security adviser John Bolton told American TV he thought the United Kingdom and France would follow suit and ditch the 2015 deal. "I think that will sink in, and we'll see what happens then".
And Germany said it will spend the next few months trying to persuade Washington to change its mind.
Germany's minister for economic affairs Peter Altmaier said last week that Berlin will try to "persuade the U.S. government to change its behaviour".
When asked if this would mean sanctions against firms, the adviser didn't deny the possibility.