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internationally sue the US for its violations, the Foreign Ministry, in coordination with the Presidential Office’s Centre for International Law Affairs and other relevant authorities, put on its agenda the filing of a complaint with the International Court of Justice against the US for breaching its international obligations, especially with regards to the Treaty of Amity, economic relations and consular rights in 1955," Bahram Qassemi, the Iranian foreign ministry’s spokesperson told reporters.
“After receiving the viewpoints of Iranian and foreign international attorneys and legal advisors, the final lawsuit containing the Islamic Republic of Iran’s complaint about the violation of the Treaty of Amity was registered on July 16, 2018,” the spokesman added.
“In this complaint, it is said with evidence that the United States’ decision on May 8, 2018, to re-impose nuclear sanctions runs counter to the United States’ international obligations, especially articles 4, 7, 8, 9, 10, and the Treaty of Amity in 1955,” Qassemi also said .
3.0 Macro Economy
3.1 Macroeconomic overview, outlook
Iranian GDP growth in 2017-18 Persian calendar year gauged at 3.7%
I ran’s economy expanded by 3.7% during the 2017-2018 Persian calendar year (ended March 20), according to a report released by the Central Bank of Iran (CBI) on June 16.
The report, compiled in conjunction with the Statistical Centre of Iran (SCI), is the first such announcement jointly publicly endorsed by the two data providers, which often contradict one another on inflation and economic growth.
In April, the latest edition of the World Economic Outlook issued by the International Monetary Fund (IMF) determined that Iran’s GDP growth was set to edge down to 4.0% in both 2018 and 2019 after coming in at 4.3% in 2017.
The whole of last year and the January to early May period of this year were affected by foreign traders and investors holding off on doing business with Iran or slowing down the expansion of commercial relationships with Iranian companies given the anticipation that Donald Trump would move to withdraw the US from the nuclear deal and impose new sanctions on Tehran — something he went on to do in his announcement of May 8 . Further revisions of expected GDP growth in Iran, a country with a population of 80mn, can be expected as the impact of t he sanctions , and the secondary sanctions directed at foreign companies who opt to continue doing business with Iran, becomes clear. The US is intent on throttling Iran’s economy to achieve its ends.
The joint CBI/SCI report also stated that in the 2017-2018 Persian calendar year the services sector registered the highest growth of all sectors, registering 6.8%. Agriculture and industry grew by 1% and 1.6%, respectively, it added.
11 IRAN Country Report August 2018 www.intellinews.com