Dec 13, 2015, 4:32 PM

Zarif:

JCPOA eliminates 4 items of sanctions on petrochemical industry

JCPOA eliminates 4 items of sanctions on petrochemical industry

TEHRAN, Dec. 13 (MNA) – Iran’s Javad Zarif has said Iran’s petrochemical products exports will increase in post-JCPOA era as 4 items of sanctions are removed.

Mohammad Javad Zarif who was participating in the opening session of the 12th Iran Petrochemical Forum (IPF) on Sunday, told the reporters that in times post-JCPOA petrochemical industry would see the grounds conducive for its development; “the art of foreign policy has been focused on preparing the grounds for development of domestic industries with the ultimate objective of achieving sustainable growth,” he added.

“As a pioneer industry, petrochemical industry will keep its increasing pace of growth for the future; with sanctions no longer effective, the industry will find new space and new freedoms to act upon, with production rise and finding new export destinations being as the major approaches after JCPOA,” Zarif told the reporters. “Sanctions had severely hit the sector; the importance of the sector was a major cause to our seeking immediate removal of sanctions in the sector; along with JPOA implementation beginning in 2013, restrictions had been removed gradually and today, the industry experiences good days to come with formal removal of sanctions on the place.”

“All problems of importing technology, exports, investment attraction, fiscal and banking transactions, and transportation of petrochemical products will fade away immediately; today, the industry provide the hope for us and the public as well that it will return back to its former brilliant days,” said the foreign minister. “Our strategic position in the region provides the industry with excellent opportunities; with attraction of foreign investment, employment will find its way to the markets. Leveraging a strong network based on international standards would significantly improve petrochemical industries capabilities and potentials to new highs.”

Zarif believed that foreign investment was key to solve the deadlock in the industry, namely, incomplete projects still waiting resources. “In the age of Resistance Economy and post-JCPOA, domestic companies would easily cooperate with foreign partners and bring an economic boom through selling of raw material, which would serve setting aside all barriers stifling development in the industry,” he asserted.

 

SH/2998269

 

News ID 112783

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