France signed a multi-million-France long-term trading agreement with the oil producing country of Iran on Thursday (27 June).
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SV PAN Sauvagnargues and Khalatbari enter room and sit
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SV PAN FROM press and photographers TO two men shaking hands and Khalatbari receiving document
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Background: France signed a multi-million-France long-term trading agreement with the oil producing country of Iran on Thursday (27 June).
The agreement will bring some immediate relief to France's bad balance of payments position. Iran is depositing 400 million pounds sterling (1,000 million dollars) with the Bank of France as advance payment for nuclear power stations, other industrial projects and technological help worth between 1,600 and 2,000 pounds sterling (4,000-5,000 dollars).
French Foreign Minister Jean Sauvagnargues and Iranian Foreign Minister Abbas Ali Khalatbari signed the agreement.
The Shah of Iran and French President Valery Giscard d'Estaing later set the seal on the biggest ever economic agreement between an oil producing country and a European industrial power. France is supplying Iran with uranium, industrial equipment and gas pipelines, as well as the five nuclear power plants.
The Shah of Iran vehemently denied earlier reports that he had said Iran would have nuclear weapons "sooner than the world thinks." He told a press conference that he had said if every little country tried to get atomic weapons Iran would have to think it over. But he hoped this would never happen because Iran would always push its policy of a nuclear free zone in the Middle East.
The agreements were signed after three days of talks.