Min.: $8.5bn investment in industries, mines sector in 4 years

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Minister of Industries, Mines and Trade Mohammad-Reza Nematzadeh says more than 8.5 billion dollar investment has been attracted just in the industries and mines sector since 1392 (2013-14), when the 11th government took office.

Nematzadeh told Iran’s Ambassador to Turkey Mohammad-Ebrahim Taherianfard and the staff of the economic section of Iranian Embassy in Ankara that the investment had been made in 170 industrial and mineral projects and 80 of them have thus far been successfully commissioned.
He added that more than $5.5 billion out of the foreign investment had been in the past one year and after the Joint Comprehensive Plan of Action (JCPOA).
The official said Turkey, European and CIS states and even Arab countries are among investors in the Iranian industry sector.
He said foreign investment has been speeded up following economic stabilization of the country and more illuminating economic horizons of the country.
Nematzadeh arrived in Ankara at the head of a delegation to hold talks on expansion of Iran-Turkey economic and commercial relations.
At the airport , the minister was welcomed by Iran’s Ambassador to Turkey Mohammad-Ebrahim Taherianfard and officials of Turkish ministry of economy.
Nematzadeh is to meet and confer with Turkish Minister of Economy and Turkish head of Tehran-Ankara Joint Economic Cooperation Commission Nihat Zeybekçi on the standards that Turkey has devised for certain Iranian goods exported to the country. They are also to discuss the list of goods subject to Iran-Turkey preferential trade agreement.
Iran has considered tariff discount for 125 Turkish exported items and Turkey in turn considered tariff discount for 140 Iranian goods exported to Turkey.
In recent talks between the two sides, there were discussions on addition of about 40 items to the list by the either party.
The talks between Nematzadeh and Zeybekçi are expected to focus on the issue.

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