South Korea heartache! The United States quit the Iraq nuclear agreement. The Korean construction industry needs to be stabbed.

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 South Korea heartache! The United States quit the Iraq nuclear agreement. The Korean construction industry needs to be stabbed.


Overseas network May 10, U.S. President Trump recently announced the withdrawal of the Iranian nuclear agreement, and will impose the highest level of sanctions against Iran. In this regard, many countries expressed concern and opposition. Because Iran is the largest overseas project market in the Korean construction industry, the move is worrying for the Korean construction industry. Korean media said that in addition to the construction industry will face a heavy blow, the Korean electronics, IT and other fields of manufacturing enterprises will also suffer direct damage to exports. According to South Koreas Asian economy 10 reports, in 2009, the South Korean GS construction in Iran contracted LNG (liquefied natural gas) plant construction and other 2 projects, the total amount of $2 billion 360 million. The Korean industry once praised it as a feat. But the following year, the international community launched economic sanctions against Iran, and 2 orders collapsed. 9, the Ministry of industry and Commerce resources of Korea held a meeting to discuss the response to the US withdrawal from the Iranian nuclear agreement. At present, the construction projects contracted by South Korean construction enterprises in Iran amount to about 8 trillion won (about 47 billion yuan). Last March, modern engineering and modern construction jointly contracted for the expansion of the gas field in the 12 regions of the southern para, which is 3 billion 98 million euros. In August last year, the SK construction also signed the modernization project of Tabriz refinery, amounting to 1 trillion and 700 billion won. In December 2016, Dalin industry also received an order of 2 trillion and 233 billion 400 million won for Isfahan refinery renovation project. At present, the three projects are in the fund raising stage before the completion of the project, the Korean enterprises have not yet received the engineering fees. If they are forced to stop working, the Korean enterprises will bear a small actual loss. The bigger problem is the future, the report says. After the international community lifted its economic sanctions against Iran in 2016, Iran became the largest overseas market in the Korean construction industry. Last year, Korean construction companies contracted Iran orders amounting to US $5 billion 230 million, far exceeding the second largest market in India (2 billion 910 million US dollars). On the other hand, South Koreas enterprises exporting to Iran will also face a crisis. After November, the United States will launch a secondary boycott of third state enterprises and individuals dealing with Iran, so the Korean settlement account used by the Korean companies and Iran is now likely to be frozen. Trump For Trumps decision to withdraw from the Iran nuclear agreement, Britain, France, Germany and other countries have voiced regret. Former US President Obama also made a rare public criticism, calling it a serious mistake which would make the world more insecure. Irans president Rouhani has responded forcefully that Iran may resume uranium enrichment within weeks without any restrictions. On May 9th, Chinese Minister of foreign affairs Geng Geng said at a regular press conference that China regretted the decision made by the US side. The comprehensive agreement on the Iran nuclear issue is a multilateral agreement negotiated by the six countries, the European Union and the Iran, and approved by the Council resolution 2231st. All parties should conscientiously implement the integrity and seriousness of the comprehensive agreement. This is conducive to safeguarding the international nuclear non-proliferation system and promoting peace and stability in the Middle East. It also demonstrates the significance of solving the hot issues through political means. The source of this article: overseas network Author: Liu Qiangs responsible editor: Li Hang _BJS4645 For Trumps decision to withdraw from the Iran nuclear agreement, Britain, France, Germany and other countries have voiced regret. Former US President Obama also made a rare public criticism, calling it a serious mistake which would make the world more insecure. Irans president Rouhani has responded forcefully that Iran may resume uranium enrichment within weeks without any restrictions. On May 9th, Chinese Minister of foreign affairs Geng Geng said at a regular press conference that China regretted the decision made by the US side. The comprehensive agreement on the Iran nuclear issue is a multilateral agreement negotiated by the six countries, the European Union and the Iran, and approved by the Council resolution 2231st. All parties should conscientiously implement the integrity and seriousness of the comprehensive agreement. This is conducive to safeguarding the international nuclear non-proliferation system and promoting peace and stability in the Middle East. It also demonstrates the significance of solving the hot issues through political means.