Foreign companies wishing to return to Iran after a likely reentry of the United States into the Joint Comprehensive Plan of Action (the formal name of Iran’s nuclear deal signed with world powers in 2015) need the green light of the Iranian Parliament, the chairman of Majlis Industries and Mines Commission said.
"In view of some foreign companies’ failure to uphold their commitments, Majlis needs to approve and be notified of any deal [with those companies],” Ezzatollah Akbari was also quoted as saying by IRIB News.
Any comeback of home appliance brands (in an apparent reference to South Korean brands LG and Samsung], carmakers, etc. will be contingent upon their joint investment with Iran and transfer of knowledge and technology aimed at boosting domestic production, he added.
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