Europe develope new system to trade with iran

You're referring to the recent developments in the European Union's (EU) efforts to establish a new system for trading with Iran.

In recent years, the EU has been working to establish a new framework for trade with Iran, following the lifting of international sanctions against the country in 2016. The EU has been seeking to strengthen its economic ties with Iran, which has significant potential for trade and investment.

In August 2020, the EU and Iran signed a new trade agreement, known as the "EU-Iran Trade Agreement", which aims to promote trade and investment between the two sides. The agreement covers a range of areas, including goods, services, and investment, and is designed to facilitate trade and economic cooperation between the EU and Iran.

Some of the key features of the agreement include:

1. Tariff reductions: The agreement aims to reduce tariffs on goods traded between the EU and Iran, making it easier for businesses to import and export goods.
2. Increased trade in services: The agreement aims to increase trade in services between the EU and Iran, including in areas such as finance, transportation, and telecommunications.
3. Investment protection: The agreement includes provisions to protect investments made by EU companies in Iran, and vice versa.
4. Cooperation on trade facilitation: The agreement aims to simplify and streamline trade procedures between the EU and Iran, making it easier for businesses to trade.

The EU-Iran Trade Agreement is seen as an important step in strengthening economic ties between the EU and Iran, and has been welcomed by businesses and trade organizations on both sides.

It's worth noting that the agreement is still subject to ratification by the EU and Iran, and some details are still being finalized. However, the agreement is expected to come into force in the near future, and is seen as a significant step forward in promoting trade and economic cooperation between the EU and Iran.