Secretary General of European Union's External Action Service Helga Schmid said that one Hundred European companies will soon start business talks with Iran.

Secretary General of European External Action Service Helga Schmid made the remarks in a meeting with the Head of Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi on Wednesday, in Oslo, Norway.

It is expected that appropriate framework for cooperation would be established with direct support and participation of the European Union, Secretary General of European External Action Service noted.

Schmid further added that EU is committed to find an effective solution for banking transactions and trading with Iran.

The Head of Atomic Energy Organization of Iran, for his part, said that adhering to the Joint Comprehensive Plan of Actions (JCPOA) and simultaneously suffering from sanctions is not acceptable for the Islamic Republic of Iran.

European countries have taken some steps towards saving JCPOA, however, what counts now is the practical results of the announced EU policies in this regard, Salehi added.

US President Donald Trump officially declared America's withdrawal from the  JCPOA on  8 May  2018.

EU powers have scrambled to save the JCPOA and protect their businesses in Iran, after re-imposition of US sanctions.