Economic Reforms Crucial to Success of 'Look East' Policy

Iran needs to carry out substantial and wide-ranging economic reforms, if it wants its "Look East" policy to succeed during the sanctions era, a former diplomat said. 
In a recent interview with the Iranian Diplomacy website, Mohsen Roohi-Sefat said renewed US sanctions are expected to have a “profound” negative impact on Tehran’s relations with Asia’s economic powers, particularly those in the southeast of the continent, given the underlying fundamentals of their policies. 
US President Donald Trump announced in May that he was breaking with European allies, Russia and China over the 2015 Iran nuclear deal, and signed an executive order reimposing broad economic sanctions, with some exemptions, on any country or company that seeks to trade with the Islamic Republic.