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Why Iran shouldn’t get too excited about Brexit

Some Iranians believe Brexit will positively affect trade relations between Britain and Iran, but economists warn against expecting significant changes.
The Union Jack (bottom) and the European Union flag are seen flying, at the border of Gibraltar with Spain, in the British overseas territory of Gibraltar, historically claimed by Spain, June 27, 2016, after Britain voted to leave the European Union in the EU Brexit referendum. REUTERS/Jon Nazca - RTX2IK2D
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TEHRAN, Iran — Since Britain’s vote to exit the European Union (EU), Iranian media has barely been able to contain its excitement about this historic development. Indeed, many pundits believe the result of the June 23 referendum could positively affect Iran’s dealings with one of Europe’s largest economies.

With the exception of the Foreign Ministry, no top Iranian authority has publicly commented on Brexit. Immediately after the vote, the ministry released a statement affirming Iran's policy of expanding ties with all European countries and asserting that Britain’s decision to leave the EU would not have an impact on its approach. Some middle-ranking officials, however, applauded the leave vote.

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