'Iran's Boeing deal more important for US than us'

TEHRAN, Jul. 20 (MNA) – Iran’s Minister of Economy Ali Tayyebnia announced that since January Iran has signed contracts worth of $45 billion with foreigners.

He underlined Iran’s agreement with Boeing is more critical for the US than important for Iran.

Tayyebnia said Iran, for the first time since 2002, is seeking to be back to global bond market after 14 years.

“A year after the sign of Iran nuclear deal known as Joint Comprehensive Plan of Action (JCPOA), Iran emerged from years of economic isolation and looks for financing economic development through entrance to global bond market,” he noted.

Tayyebnia said Iran is expected to have a credit rating in the near future, a step that could help attract bond investors. He added that Iranian officials are in talks with rating agencies.

Now the ground is provided for the issuance of bonds and securities of Iran in global markets, he noted, adding since January Iran has signed contracts worth of $45 billion with foreigners, which may take a few months to be implemented.

We have already seen the positive impact of removal of sanctions on the country's economy, Tayyebnia said, adding “for example, in connection with oil export and production, we currently do not have any restrictions, however, in some sectors we have yet to take full advantage of the fruits of sanctions lifting.

Regarding Iran’s agreement with Boeing, Tayyebnia said “it is not really all that important for us, but is more critical for the US; there are many other companies in the world that can meet our needs.”

LR/3719113

News Code 118251

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