Publishe Date: 2:26 PM - 7/5/2015 | Print

Iran says EU firms knocking on its doors

Economy - Iran said on Sunday that European companies are knocking on its doors to invest in its lucrative market. ran’s Minister of Economic Affairs and Finance Ali Tayyeb-Niya said that European investors are already acknowledging that the Iranian economy has reached the point of stability.

Iran said on Sunday that European companies are knocking on its doors to invest in its lucrative market. ran’s Minister of Economic Affairs and Finance Ali Tayyeb-Niya said that European investors are already acknowledging that the Iranian economy has reached the point of stability.

That is the reason why they have intensified negotiations with the Iranian government over the past few months to return to the Iranian market, Tayyeb-Niya told a meeting of European ambassadors to Tehran.

He further emphasized that Iran is determined to promote trade ties with Europe, adding that it has serious plans to elevate economic cooperation with the European countries to adequate levels that existed in the past.

Tayyeb-Niya also underscored the achievements of the government of President Hassan Rouhani to improve the country’s economic status after taking office in 2013.

He said the Iranian economy is expected to progress even further thanks to a set of plans that President Rouhani has devised including a strategy for the Ministry of Economic Affairs and Finance to reduce the red-tape over exports and imports.

Tayyeb-Niya’s remarks come as many are already speculating that an anticipated removal of certain key economic sanctions against Iran in light of an emerging nuclear deal between Iran and the P5+1 group of countries would trigger an influx of investors into the Iranian market.

Iran and the P5+1 – the five permanent members of the UN Security Council plus Germany - over a final nuclear agreement that envisages the lifting of certain economic sanctions against Iran in return for certain moves by the country to restrict some of its nuclear energy activities.

Tags: Economy -
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