Iranian VP advises foreign companies to benefit from economic capacities

TEHRAN, Jul. 27 (MNA) – Iranian VP for Economic Affairs Nahavandian said on Friday that foreign companies will have huge long-run benefits in Iran and they should preserve relations with Iran at the current time.

“In the long run, the decisions of the Islamic Republic of Iran in cooperation with foreign giant companies depend on the level of cooperation and interactions [they have with Iran in the time of US threats],” said Iranian Vice-President for Economic Affairs Mohammad Nahavandian.

His remarks is in reaction to some giant companies withdrawing from Iran after US threats to reinstate sanctions against Iran. In a new development after US unilateral withdrawal from the JCPOA, the president of International Court of Justice (ICJ) warned the US Secretary of State Pompeo to refrain from doing anything new against Iran.

The Iranian official highlighted that the Iranian economy has a high capacity and big foreign and international giants should take advantage of the current status of affairs. He was indirectly referring to Iran’s open arms at current situation for foreign investors and companies.

“We are now monitoring how big foreign companies are interacting with Iran at the current stage and assuredly it will affect our economic relations with them in the long run,” he highlighted.

“Giant foreign companies, as Iran’s economic partners, should determinedly make their decisions on continuing cooperation with the Islamic Republic of Iran,” the Iranian vice-president urged multi-national giants and companies which have signed agreements and contracts with Iran.

“Based on economic logic and reason, foreign companies should not put in danger their long-run interests in economic relations with Iran,” he surmised.

“These companies should increase their volume of trade with the Islamic Republic of Iran to benefit from the huge capacities of Iran’s economy in the region,” Mr. Nahavandian added.


News Code 136101


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