Too soon to see JCPOA outcomes in national economy

TEHRAN, May 29 (MNA) – Deputy-FM for International and Legal Affairs and a senior nuclear negotiator has said four months would be too short for an accurate evaluation of JCPOA implementation effect on national economy.

Seyed Abbas Araghchi told Mehr News on Sunday evening that sanctions had been removed; however, “it would be naïve to assume that its effects should be translated into concrete changes and improvements in our economy readily; the damage wrought upon the country by Imposed War by Iraq had not been rectified either during four months,” he emphasized.

“For example, Iran’s oil production would not rapidly return to its status before sanctions, and it will be a matter of time, since during the time when sanctions bit our economy with its full force, it deprived us of our markets and costumers. The situation is the same for other items and trade of Persian rug would catch a level it had before sanctions,” he detailed with examples. “In our absence, Indian, Pakistani, and Chinese rugs have taken the vacuum created by Iran exit from the markets. You apply the situation from oil down to trade and banking and other host of fields.”

Araghchi believed that for an economy to repair and recreate itself would require time and patience; “we should allocate a reasonable time interval when we could recover from the sanctions shock and rebuild our economy; to the difficulties add sabotage by other governments hostile or reluctant to renewed Iranian presence in the markets and global trade, which has contributed to failure of sanctions removal to reveal its effects during four months; however, we have been facing these difficulties with efforts to regain our place,” Araghchi emphasized.




News Code 116943


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