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Iran qualifies from many respects to be a good location for investment and doing business. it has huge potential for investing after the termination of economic sanctions, Some of the features are highlighted below:
1. Vast domestic market with a population of 80 million growing steadily
2. Young, educated and cheap labor force
3. Excellent strategic geographical position
4. The quick and easy access to neighboring markets with a population of 350 to 400 million
5. Developed and ready infrastructure
6. Cheap and abundant raw materials, energy and transportation
7. The four-season climate and climate variability in the country
8. Fiscal incentives
9. Security and political stability
10. Untapped and consumer market ..
In the meeting, President of the Bacau County Board, Sorin Brasoveanu, and Head of provincial Chamber of Commerce, Douro Simovic, as well as a group of trade and economic activists from the province called for expansion of cooperation in the fields of culture and economy.
The two sides also emphasized refinery cooperation, regional development and more exchange of visits by their trade activists.
Simovic talked about capacities of the Bacau County in the fields of agriculture, food industry, construction, tourism transportation, oil, petrochemicals, wood industry and machineries.
Moayer welcomed expansion of provincial cooperation with Bacau County and said exchange of trade delegations and holding talk about oil cooperation and technical experts’ visit are appropriate grounds for development of provincial cooperation between the two countries.
Moayer said during his recent visit to Bacau, universities of the county had expressed readiness to cooperate with Iranian universities.
Bacau is one of the largest provinces of Romania, which used to have good economic relations with Iran in the past, especially in the fields of oil, culture and sports.
Iran says there is no ban on American companies working in the country’s oil industry.
Iranian Oil Minister Bijan Zanganeh told ILNA news agency that “American companies face no ban for entering our oil industry.”
He added that American companies “have not directly applied” to work in Iran’s oil industry so far.
This is the first such remark by an Iranian official after an executive order signed by the US president Donald Trump on Friday banning immigration and visa processing for Iranians alongside six other Muslim countries.
In January, Iran’s Oil Ministry published a list of 29 international companies qualified to bid for oil and gas projects following the lifting of sanctions under a landmark nuclear accord that went into effect last year.
Earlier, Deputy Oil Minister for International Affairs and Trading, Amir-Hossein Zamani-Nia expressed hope that Trump would review the current conditions to create more jobs in the US oil and gas industry and pave the way for the operation of American companies in Iran.
Hanak made the remarks during Iran-Czech Trade Conference session in Prague on Monday, attended by 130 business people.
The official noted that mutual cooperation has the potential for development in various spheres such as energy and transportation.
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari told the audience for his part that bilateral ties date back to 90 years ago and the two countries have traditional cultural as well as political and economic relations.
Transportation, management of water resources, new energies, and food industries are among the areas of cooperation for both countries, he said, calling for joint investment which will help boost economic relations.
The JCPOA has prepared suitable conditions for foreign investment in Iran, he said.
The Iranian delegation, comprising Iranian businessmen headed by Khansari arrived in Czech Republic on Sunday to attend the Iran-Czech Trade Conference on Monday.
Following implementation of the JCPOA, the number of economic delegations arriving in Iran has increased remarkably, said Khansari, adding that Iran has hosted over 200 foreign delegations after the implementation of the nuclear deal.
The two countries’ trade value reached 59.139 million dollars in the past months, up by 25 percent compared to the figure for the corresponding period last year.
Iranian economic delegation will leave Czech Republic for Denmark later on.
During the meetings, Iranian and Czech businessmen explored avenues for promoting cooperation in the fields of industry, mines, energy, tourism, agriculture, investment, and banking.
The 30-member Iranian delegation, comprising Iranian business people, arrived in Czech Republic on Sunday to attend the Iran-Czech Joint Economic Commission session, which opened in Prague on Monday.
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture and Head of the Iranian delegation Masoud Khansari is scheduled to confer with his Czech counterpart Vladimir Dlouhi and Head of Industries Confederation Yaroslav Hanak.
Following Joint Comprehensive Plan of Action (JCPOA), the number of economic delegations arriving in Iran has increased remarkably, said Khansari.
He added that Iran has hosted over 200 foreign delegations after the implementation of the nuclear deal.
The two countries’ trade volume reached 59.139 million dollars in the past months, showing 25 percent increase compared to the figure in the corresponding period last year.
Iranian economic delegation will leave Czech Republic for Denmark later.
The law was approved by Majlis on November 15 and was endorsed by the Guardian Council one month later.
The agreement consists one sole article, one Note and nine articles.
As per the agreement, the two countries will promote economic cooperation on the basis of mutual interest and reach consensus on various cases.
The two sides deem it necessary to promote and diversify economic cooperation based on national laws and international regulations.
The two sides are also committed to prepare the ground for long-term cooperation in various arenas including promoting infrastructures, transportation, automotive industry, water management, agriculture and food industries.
The two countries will work for boosting cooperation through various strategies, including exchanging information, forging new contacts and encouraging visits between trade delegations.
To ensure the implementation of the agreement, Iran-Hungary Joint Economic Commission will be held with the two countries in attendance.
Differences in interpretation can be solved through diplomatic channels and negotiations between the two sides.
Bitumen loading on Palanka Maputa, one of the seven biggest ships in the world, which had decked in Bandar Imam Khomeini, destined for Malaysia, completed on Saturday.
The 35,000-ton cargo, valued at 300 billion Rials, took eight days to load the bitumen on the ship.
Abadan Naft-e Pasargad Company, seller of the cargo to Malaysia, is the biggest exporter and bitumen integrated transporter in the region.
Iran and P5+1 Group reached a nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA), which removed nuclear-related sanctions against Iran.
The signing ceremony was held on the sidelines of an international conference on investment opportunities and sustainable development in the Makran coastal area that started work in Chabahar in this southeastern Iranian province.
The agreements, valued at three billion dollars, were signed by Indian, Omani, Chinese and South Korean investors.
Also, the first Iran’s oceangoing vessel was unveiled by Jahangiri at the Makran coastal area exhibition on investment opportunities.
The international conference on investment opportunities and sustainable development in the Makran coastal area will run for two days.
Chabahar in this Iranian province- neighbor to Pakistan and the Sea of Oman- has considerable economic capacities that can flourish the southeast of the country after being developed.
Speaking to the media on Thursday, Totonchi said Iran is to build an auto manufacturing plant in al-Duqm economic zone of Oman.
Simultaneously with holding a large exhibition in Oman from January 23-27, Iran and Oman will take steps forward to boost relations, the official added.
He referred to 35 percent increase in volume of trade between Iran and Oman in 2016 and said the value of trade exchange between Tehran and Muscat has reached 1.35 billion dollars this year.
Some 9o Iranian companies active in various fields, including food and auto industries, will present their products in Iran’s exhibition in Oman.
Iranian Minister of Industries, Mines and Trade, Mohammad-Reza Nematzadeh, is expected to attend Iran exhibition in Oman.
Meanwhile, Chairman of the Iran-Oman Joint Chamber of Commerce, Mohsen Zarrabi, has predicted increase in Iran’s export to Oman to the value of 600 million dollars by the end of this Iranian calendar year (ended March 20).
Launch of direct shipping line between Iran and Oman has facilitated increase of Iran’s exports to Oman, the official added.
He said Iran and Oman are expected to invest in Chabahar Free Trade Zone on joint venture.
The Omani Sultanate banks will provide half percent of finance needed for the projects, Zarrabi added.
In a meeting with managing director of Qeshm Free Zone Organization Hamid Reza Momeni, he added that while companies such as Total, Citroen, Peugeot and Renault are currently engaged in the Iranian greater projects, the country is resolved to further strengthen commercial relations with Tehran.
He further noted that French companies are interested to participate in joint construction and developmental projects. Among them is Vinci which is currently in talks on Mashhad and Isfahan airports project.
It is also ready for cooperation in the projects in Qeshm Island, he said, noting that the island boasts of numerous capacities in the fields of industry, energy and fishing. Not to mention that it has suitable potentials for joint investment with foreign companies due to its location in free zone.
Momeni, for his part, commented on the capacities and projects currently being implemented and voiced the island’s willingness for undertaking developmental projects and investments with French private sector.
Speaking to IRNA, Managing Director of Central Securities Depository of Iran Mohammad-Reza Mohseni said over 264 foreign investment requests have been registered in the country during the period (stared on January 16, 2016) when Foreign Minister Mohammad Javad Zarif and European Union’s foreign policu chief Federica Mogherini announced in a joint statement the day of implementation of the landmark nuclear deal which was made by Iran and the world six major powers (the US, Britain, Russia, France and China plus Germany) in July 2015.
According to Mohseni the value of the foreign investments in Iran has also increased five folds during the post-JCPOA era.
The official noted that the implementation of the nuclear deal has paved the way for the presence of more foreign companies in Iran’s investment marke
Italy’s Carlo Maresca on Saturday signed a $100-million contract with the Iranian organization to construct a solar power plant near Garmsar Special Economic Zone in the central province of Semnan. As per the deal, a 100-megawatt will be built on a 2,000-hectare area within 15 months, IDRO’s official website reported….
Iran says credit line with Russia to boost trade Iran’s Minister of Economy and Financial Affairs Masoud Karbasian. Iran says it expects a recent agreement with Russia over the creation of a credit line to fund Iranian projects to help promote trade between the two countries. Iran’s Minister of Economy…
Iran huge rise in imports from Europe Iran has reported a major rise in imports from several key European countries over a period of nine months starting 21 March 2017. As Iran is celebrating the second anniversary of the removal of sanctions, figures show the country’s imports have been picking…
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With better risk rating, Iran now stands next to Brazil The Organization for Economic Cooperation and Development (OECD) has improved Iran’s risk rating by one notch. Iran’s media are reporting that the country’s risk classification has improved by one notch in a vital sign of improved investment environment. The English-language…
PSA invites Iran Khodro to produce Peugeots in Algeria Iran Khodro logo French carmaker PSA Group has invited Iran Khodro (IKCO) to set up a production line for Peugeot cars in Algeria, the Islamic Republic News Agency (IRNA) reports. PSA executive vice-president for purchasing, Yannick Bézard, on Tuesday visited Tehran-based…
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