Investments in Iran to depend on implementation of memorandum with US — GCC

DOHA, June 25. /TASS/. The United States and countries of the Gulf Cooperation Council (GCC) agree that any trade and investment ties with Iran will depend on how Tehran complies with the memorandum of understanding with Washington, according to a joint statement issued after a ministerial meeting in Manama, Bahrain.

"The Ministers further emphasized that any trade and investment with Iran is conditional and reversible, contingent on Iran’s compliance with the MOU and the final deal, cessation of its destabilizing behavior, and creation of the conditions necessary for economic engagement," the statement says.

The sides also welcomed the signing of the memorandum of understanding (MOU) between the United States and Iran on June 17, and recognized the important mediation roles played by Pakistan and Qatar.

The participants also stressed the need to maintain momentum as negotiations proceed toward a permanent end to hostilities, and underscored the shared objective of preventing Iran from ever developing or otherwise acquiring a nuclear weapon.