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UAE to protect Iran trade despite sanctions
[Al Arabiya Latest] The United Arab Emirates is keen to protect legitimate trade with Iran even though it is enforcing tough new sanctions against its neighbor across the Gulf, media reports said on Tuesday.Iran is a significant UAE trading partner, with trade volume between it and the emirate of Dubai alone estimated at about 10 billion dollars a year, mostly imports from the Islamic republic. "I think it is extremely important to have that balance right, between our international commitments on the one hand and also between the fact that a lot of the transactions that we do have are legitimate," the UAE's minister of state for foreign affairs, Anwar Gargash, was quoted as saying in Gulf News. Posted by: Fred 2010-08-18 |
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