TEHRAN – Iranian Deputy Foreign Minister Majid Takht-Ravanchi said on Tuesday that signatories to the Joint Comprehensive Plan of Action should be “serious” in meeting their commitments especially in financial and banking exchanges.

“Fulfillment of Iran’s commitments has been confirmed in the International Atomic Energy Agency’s reports,” he said during a meeting with Markus Ederer, state secretary of the Federal Ministry of Foreign Affairs of Germany.

According to the JCPOA, commonly called the nuclear deal, Iran is obliged to slow down its nuclear activities in exchange for a termination of economic sanctions, including financial transactions.

The deal signed on July 14, 2015, went into effect on January 16, 2016. However, major European banks and insurance companies have been hesitant to resume interaction with Iran.
  
Takht-Ravanchi also welcomed an increase in consultations among the two countries’ officials.

He also called on Germany to be more active in finding a peaceful solution to the conflicts in the Middle East region. 

Ederer highlighted the importance of expanding ties in various spheres especially economic area.

He called expansion of economic cooperation with Iran one of Germany’s priorities.

He also called for expansion of cultural cooperation between the two countries.

NA/PA