Statement of DF Deutsche Forfait AG on U.S. President Trump’s decision on the Iranian nuclear agreement

16Oct2017

How does U.S. President Trump’s decision on the Iranian nuclear agreement affect the business of the DF Deutsche Forfait Group?

The decision of U.S. President Trump has no direct impact on the operations and business development of DF Deutsche Forfait and the trade between the EU and Iran. The international agreement (JCPOA) is a multilateral treaty. All the other JCPOA negotiating partners involved, including Iran, have already stated beforehand that they will adhere to the agreement in case U.S. President Trump should question it. In addition, there are also powerful voices within the administration of the U. S. President and the Republican Party, for example Secretary of State Rex Tillerson, Secretary of Defense James Mattis or Chairman of the U.S. Senate Committee on Foreign Relations Bob Corker, who recommend not to terminate the agreement. Against this background, it is unlikely that the suspended sanctions will be reinstated or that substantial new sanctions will be imposed. As a result, the DF Group does currently not expect any adverse effects on its operations and the trading activities of its business partners with Iran.