21648
Tehran Will Decide Future Partners
Economy, Domestic Economy

Tehran Will Decide Future Partners

In the post-sanctions era Iran will pick and choose its trade partners rather than being chosen by others (under the sanctions regime), First Vice President Es’haq Jahangiri said Tuesday.
“Only international companies willing and able to set up joint ventures with us are welcome,” he added.
Iran will not let its market of 80 million people be flooded with imports of consumer goods in the post-sanctions era, he added, trying to console some quarters apprehensive about uncontrolled and unorganized imports after the sanctions that could hamper the domestic production units already facing huge challenges due to cheaper imports, especially from China.
“Of course the government will not adopt a restrictive, hands-on approach either. We will lend support to those who want to create jobs and invest,” IRNA quoted him as saying.
Addressing foreign investors, Jahangiri noted that long-established industries, experienced industrialists, an educated workforce and an 80-million-strong market are among the advantages of investing in Iran.
“The banking system should help domestic investors and provide resources for the private sector. To that end, President Hassan Rouhani has called for an overhaul of the banking system,” he said.
Echoing the oft-mentioned criticisms of prominent economists and experts, the senior official admitted that the banking system is outmoded, lethargic and facing challenges. “It is grappling with many problems and cannot provide the youth with strong financial backing for employment and welfare.”
The mission of our diplomats will be incomplete if “we are unable to exploit the true potential of the private sector in order to turn the economy around,” the vice president said.
Iran and six world powers last week signed an historic deal in Vienna that puts restrictions on Tehran’s nuclear program and calls for the lifting of all economic sanctions imposed for over a decade due to the West’s dispute over the Islamic Republic’s nuclear energy program.

Short URL : http://goo.gl/o3hDLU

You can also read ...

Iran and the Eurasian Economic Union signed a three-year provisional agreement on May 17 for the bloc to welcome Iran into the EEU Free Trade Zone.
The Eurasian Economic Commission Council approved the roadmap...
India in Touch With All Stakeholders on Iran Sanctions
Following fresh US sanctions on Iran over its nuclear program...
US Pressuring German Firms ‘Daily’ Over Iran Sanctions
Washington’s ambassador in Berlin has been pressuring German...
Google Defends Gmail Data Privacy Policy
Alphabet Inc’s Google gave details about its policies for...
Crypto Trading Continues to Decline Since CBI Ban
Cryptocurrency transactions in Iran have significantly...
Copper Concentrate Output Sees 12% Growth
Major Iranian copper producers produced 488,859 tons of copper...
Housing Uptrend Continues
Iran's housing and construction sector registered a fourth...
Renovation of Mehrabad Airport Terminals by March 2020
Renovation of terminals 1 and 2 of Tehran’s Mehrabad...

Trending

Googleplus