World Business and Economic Analysis
Foreign ministers of Group of Seven (G7) hailed nuclear deal between Iran and Group 5+1 known as Joint comprehensive Plan of Action (JCPOA), describing it as the strong cornerstone of diplomacy in the world.
Two-day meeting of G7 opened on April 10 in Hiroshima and ended last night after releasing a statement.
In the statement, G7 member states voiced their support to outcomes of JCPOA, hoping that all parties would adhere to their commitments.
JCPOA is in fact revealed that the countries are committed to the international and Non-Proliferation Treaty Regulations and are striving for a world without such weapons.
JCPOA has now turned into a strong cornerstone for active diplomacy and using negotiations for solving international problems, the statement said.
Underlining the countries right to peaceful nuclear energy, foreign ministers called on the industrialist countries to observe International Atomic Energy Agency's regulations and cooperate with the UN nuclear agency.
The G7 is a group consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States which represent 50 percent of global economy.
Taiwan government announced it has been lifted visa restrictions for Iranian applicant to travel to the Asian island, furthermore, it will have been increase oil purchase from Iran.
Taiwanese commercial representative in Dubai as well announced the Asian government wants to increase its oil purchase from Iran.
According to the letter Taiwanese oil purchase from Iran in the current year had a 27% growth , a Taiwanese public giant oil company, and Formosa Plastic, another giant company, have been decided to augment their oil purchase from Iran to 14 m barrels in year from currently 11 m barrels.
EU's high representative for foreign affairs, Federica Mogherini, said on Monday she will visit Iran next month to build on a deal she helped negotiate to end nuclear sanctions against Tehran. Mogherini last visited Iran in July shortly after world powers agreed to lift sanctions in return for Tehran accepting constraints on its nuclear program. "My next visit will take place on April 16," she said as she went into a meeting of EU foreign ministers in Brussels.
