France joins scramble for Iranian trade bonanza


The ink on the Iran nuclear deal is barely dry and no one is even yet sure if it will hold. But already France has joined other countries in the hunt for lucrative business deals with the oil-rich state and its market of 80 million inhabitants. But as René Backmann reports, there are potential pitfalls to overcome before French firms can hit the Iranian jackpot.

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Just two weeks after the signing of an agreement in Vienna on Iran's nuclear programme, the Islamic Republic's leaders pulled out all the stops to ensure that French foreign minister Laurent Fabius's visit on July 29th passed off well. This was despite the fact that his trip – the first by a French foreign minister for twelve years – followed complaints by the Iranian negotiation team about France's tough stance at those talks.