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- Iran saffron exports down due to smuggling, government restrictions: Exporter
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- Zarif says to meet French president Friday
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- Iran warns US against seizure of oil tanker
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- Iran planning 3rd step to reduce nuclear commitments: Spokesman
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- Zarif meets with Iran-Kuwait Friendship Group members
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TEHRAN, July 08 - French shipping group CMA CGM has decided to pull out of Iran following fears of US sanctions.
TEHRAN, Young Journalists Club (YJC) - “Due to the Trump administration, we have decided to end our service for Iran,” CMA CGM chief Rodolphe Saade said during an economic conference in the southern French city of Aix-en-Provence.
“Our Chinese competitors are hesitating a little, so maybe they have a different relationship with Trump, but we apply the rules,” Saade said.
He added that his company’s cooperation agreement with local Iranian partner IRISL had been suspended.
He also said that the company had so far not seen an impact of trade tensions between China and the United States on shipping volumes, but was making preparations with a close eye on China and southeast Asia in case the situation deteriorated, Reuters reported.
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