24 Nov 2024
Thursday 21 May 2015 - 17:40
Story Code : 165428

Big intl. investors impatient to bring capital to Iran: Official

An Iranian official says many creditable international companies are impatiently waiting to enter Iran's market once sanctions against the Islamic Republicare lifted.

Taher Shah-Hamed, managing director of the Export Guarantee Fund of Iran (EGFI), said in western Iranian city of Ilam on Wednesday that many creditable foreign companies have already indicated their readiness to take part in the implementation of economic and industrial projects in Iran.

Referring to his recent visit to Italy and negotiations with executives of Italian investment holdings, he expressed hope that conclusion of a final agreement between Iran and the P5+1 group over the Islamic Republics nuclear program, would pave the way for those companies to take part in various Iranian projects.

The official added that in a bid to help Iranian exporters boost trade with other countries, EDFI has considered special facilities for Iranian exporters to expand their trade and export activities and find suitable markets in neighboring countries.

[caption id="" align="alignnone" width="555"] Taher Shah-Hamed, managing director of the Export Guarantee Fund of Iran (EGFI)[/caption]

Shah-Hamed said if, due to trade or political reasonsincluding sanctions imposed on Iran's financial sector, an Iranian exporter were not able to receive money in return for exports, EDFI would use its international connections with world bodies to get the money from the foreign side of the transaction.

The official made the remarks at a time that Iran is in talks with the P5+1 group of countries the US, the UK, France, Germany, Russia and China - to reach a final agreement over its nuclear program.

The six countries claim that there is diversion in Iran's peaceful nuclear program toward non-peaceful purposes and have imposed sanctions on Tehran on this account. Tehran categorically rejects the allegation, noting that its nuclear program is totally transparent as no other member state of the International Atomic Energy Agency (IAEA) has been subject to stricter inspections by the Agency. Despite all the extensive inspections, IAEA has never found anything to denote diversion toward military purposes in Iran's nuclear program.

The two sides clinched an interim deal on Iranian nuclear program in the Swiss city of Geneva last November, which led to relative loosening of sanctions against Tehran. They also reached a mutual understanding on April 2 in the Swiss city of Lausanne, which is considered a prelude to the achievement of a comprehensive deal before a self-designated deadline at the end of June.

By Press TV
https://theiranproject.com/vdcf0tdycw6dvja.r7iw.html
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