Nematzadeh:

‘Govt. attracted $8.5 bn foreign investment in mines, industries’

News ID: 3868326 -
TEHRAN, Jan. 04 (MNA) – Iranian Trade Minister said the incumbent government has so far attracted over 8.5 billion dollars of foreign investment only to the mines and industries sector.

Iran’s Minister of Industry, Mine and Trade Mohammadreza Nematzadeh made the remarks in the Turkish capital on Tuesday during a meeting with Iranian ambassador to Turkey Mohammad Ebrahim Taherian Fard and staff of the economic section of Iranian Embassy in Ankara.

He highlighted that the investment has been made for implementation of 170 industrial and mineral projects 80 of which have come on stream.

“JCPOA implementation facilitated attraction of foreign investment over the past year,” stressed the official recalling that over 5.5 billion dollars of the overall investment were made following the Joint Comprehensive Plan of Action (JCPOA).

He deemed Turkey as well as European countries and Commonwealth of Independent States (CIS) as major investors in Iran’s industry sector adding that foreign investment had been expedited in the light of the country’s economic stabilization and illumination of its economic horizons.

Iranian trade minister further pointed to the need to advertise investment capacities in Iran’s mines and industries sector abroad; “foreign investors are not familiar with the country’s potentials due a hiatus in ties as well as adverse propaganda.”

Nematzadeh called for completion and development of capacities and infrastructures for foreign trade and investment saying “expansion and facilitation of customs services as well as transportation sector remain as possible venues in this regard.”

Nematzadeh arrived in Ankara on Tuesday at the head of a delegation to hold talks on expansion of Iran-Turkey economic and commercial relations.

He was welcomed by Iranian ambassador to Turkey Mohammad Ebrahim Taherian Fard at Esenboğa International Airport of Ankara and is also 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.

Relevant decisions are expected to be taken in this regard during the joint meeting between Iran’s Nematzadeh and Zeybekçi of Turkey.

HA/IRN82373054

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