Chinese Mechanical Engineering: Iran sanctions will not be affected
Recently, China's mechanical engineering has responded to the bubbling economic sanctions about Iran's mechanical engineering in China, and said that its economic activities in Iran will be carried out normally, which will not have a great impact on the potential business of Chinese Mechanical Engineering in Iran.
The news said that as the Iran sanctions pattern changed in the near future, the latest information on the company's latest business model in Iran was provided. The company is planning to launch its business in Iran, in a number of civilian fields, including power, water conservancy, and other civil infrastructure. Because the company's expected revenue from Iran will be relatively low, and its business is spread over many parts of the world, the company's management estimates that the company's future business in Iran will not exceed 5% of its total revenue in recent years.
H&K, the company's special adviser on sanctions, told us that as a non - American company, the company is currently operating in Iran. Other sanctions and restrictions on Iran will not have a significant impact on the potential business activities of the company in Iran.
By considering the legal advice from H&K obtained after the company thinks, according to the Iran sanctions Act (revised comprehensive Iran sanctions act), the day after the Iran business will not be punished.
The company's core business in the fields of power, transportation and electronic communications will not lead to other United States, European Union or United Nations sanctions. The company will be able to seek potential business opportunities in many industries in Iran. The company will be able to participate fully in the field of business activities, from engineering, procurement and management to components, services and technology supply.
China Mechanical Engineering says it will do business in Iran again, and the internal business will not be affected too much.
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