10 May 2018

NZ's Iran exporters urged to seek legal advice

From Morning Report, 7:17 am on 10 May 2018

Saudi Arabia is promising to build a bomb if Iran restarts it uranium enrichment progamme. The Saudi Foreign Minister Adel Al-Jubeir told CNN's Wolf Blitzer that they would act if Iran abandoned the restrictions spelled out in the 2015 nuclear deal. US President Donald Trump says there'll be serious consequences for Iran if they restart their nuclear programme. And he has also threatened to sanction countries who continue to trade with Iran. New Zealand businesses who deal with Iran are being advised by trade officials to seek independent legal advice. New Zealand exported 120 million dollars worth of goods to Iran last year. David Parker is Trade and Export Growth Minister. He discusses what the latest international changes mean to New Zealand.