European companies doing business with Iran are being hit by the toughening of sanctions against the government in Tehran. EU firms feel at a disadvantage compared for example to United States concerns, because the new European rules governing trade with Iran go further than those implemented by the United Nations. Marloes Bosboom, of the Netherlands Centre for the Promotion of Trade (NCH), says Dutch firms will be badly hit. Companies attending a NCH meeting on the issue earlier this month were pessimistic. Cross-section The new sanctions will directly or indirectly affect all companies supplying goods or services to Iran. "These are a cross-section of Dutch businesses," says Michel Raas. His firm has been doing business with Iran for decades. He has been hit by sanctions before, but never was it as bad as it is now. Mr Raas does not want his company named because of the delicacy of the situation. He is also unwilling to give figures detailing his firm's trade with Iran. However, he does say that 30 percent of its business is dependent on the Middle East market, which includes Iran.
European companies doing business with Iran are being hit by the toughening of sanctions against the government in Tehran. EU firms feel at a disadvantage compared for example to United States concerns, because the new European rules governing trade with Iran go further than those implemented by the United Nations.
Marloes Bosboom, of the Netherlands Centre for the Promotion of Trade (NCH), says Dutch firms will be badly hit. Companies attending a NCH meeting on the issue earlier this month were pessimistic.
Cross-section The new sanctions will directly or indirectly affect all companies supplying goods or services to Iran. "These are a cross-section of Dutch businesses," says Michel Raas. His firm has been doing business with Iran for decades. He has been hit by sanctions before, but never was it as bad as it is now.
Mr Raas does not want his company named because of the delicacy of the situation. He is also unwilling to give figures detailing his firm's trade with Iran. However, he does say that 30 percent of its business is dependent on the Middle East market, which includes Iran.
Just as every other company is doing, dummies. keep to the Fen Causeway
