Iran Not to Allow Foreign Firms to Flood Market after Nuclear Deal: VP
TEHRAN (Tasnim) – Iranian First Vice-President Eshaq Jahangiri said the country will not give up its market to foreign companies after an agreement with six world powers over Tehran’s peaceful nuclear energy program is implemented.
“We will not allow the currency to go abroad and turn into consumer goods,” Jahangiri said in a meeting with representatives of top Iranian unions and cooperatives in Tehran on Saturday evening.
He further highlighted the important role of domestic products in the Iranian market, saying the government’s major policy in the area is to increase production and exports and prevent any obstacle to that goal.
After Iran and the six world powers reached a conclusion over Tehran's nuclear energy program on July 14, numerous foreign companies from around the world have announced their readiness to join the Iranian market.
According to media reports, France’s Renault is in talks to buy a stake in Tehran-based Pars Khodro or infrastructure such as car plants from the Iranian carmaker’s parent company Saipa.
Pars Khodro was Renault's partner in a joint venture before the French carmaker slammed the door on the Iranian company in 2012 when sanctions were imposed on the Islamic Republic.
Germany’s Volkswagen and Daimler have also indicated their willingness to return to Iran, sending their executives to Tehran with Economy Minister Sigmar Gabriel last week.
Experts say the comprehensive nuclear deal and subsequent termination of anti-Iran sanctions would result in a hike in Iran's trade with the world and boost foreign investment in the country.