Iran, China, Philippines to Develop Economic Ties

Officials from Iran, China and the Philippines agreed to develop economic ties after the historic 2015 nuclear deal that put an end to a decade of international sanctions on Iran’s economy.
“Iran’s economy is now ready to welcome foreign investments,” ISNA on Tuesday quoted the vice governor of Central Bank of Iran, Akbar Komijani, as saying in a meeting with a joint Philippines-Chinese business delegation in Tehran.
He cited the upturn in Iran’s economy since the nuclear accord went into force in January 2016 and said, “JCPOA allowed the government and CBI policies … to exert their intended effect on the country’s economic growth. One of the outcomes of JCPOA was an economic growth of 12.5%, the bulk of which came from a surge in oil revenues.”