Iranian economy enters new phase

Post-sanctions era opens up a unique opportunity for Iran to attract foreign investments. During four month of implementing the Joint Comprehensive Plan of Action (JCPOA), Iran has achieved great progress as a large number of foreign trade and political delegations have visited the country.

The remarks were made by Iranian President Hassan Rouhani during the meeting with the businessmen and investors in West Azerbaijan province of Iran, IRNA reported on May 31.

Rouhani noted that this progress indicate a new beginning in the country.

The president went on to add that Iran enjoys good ties with neighboring countries, and called on the Iranian traders and businessmen to seize the remarkable opportunity and export agricultural products to neighboring countries, including Russia.

Rouhani mentioned that Iran is involved in talks with several countries in order to boost ties and attract investment.

He also urged to give due role to the private sector to advance Iranian economy.

The government has planned to achieve the Economy of Resistance, Rouhani said, further adding that giving the private sector its part will make the national economy resistant to foreign pressures and the sanctions.

During five years, Iran has suffered from sanctions imposed by the Western countries because of the nuclear enrichment program the country pursued.

In January 2016, Iran has reached a historic agreement on the settlement of long-term problems of the Iranian nuclear program. Lengthy negotiations resulted in the adoption of the Joint Comprehensive Plan of Action.

The implementation of this action plan will remove completely economic and financial sanctions imposed previously by the UN Security Council, the United States and the European Union in exchange for the verification of the peaceful nature of Iran’s nuclear program.

Source: Azer News