VOL. XLV

No 11

18-March-2002

IRAN

Iran And Britain Resolve Pre-Revolutionary ECGDDebt Dispute

After two decades ofnegotiations, Iranand the UKhave signed an agreement to resolve their dispute over export credit guaranteesfrom the UKsExport Credit Guarantee Department (ECGD) to Iran.A compromise solution was reached under which Iranwill make a token payment of 4mn by the end of the current Iranian year (20 March 2002)to clear the long-standing claims and counterclaims. According to an Iranian...