President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Gholam Hossein Shafei says many foreign countries that used to have economic relations with partners in Iran, are waiting for the revival of a 2015 Iran nuclear deal – known as the JCPOA – to return to the Iranian market.
A huge number of foreign companies used to have an active presence in the Iranian market, Shafei said, noting that if the talks on the revival of the JCPOA yield fruit and the sanctions on Iran are lifted, many of these foreign companies are expected to return to Iran.
Noting that Iran has to learn from the past experiences when the foreign companies left the Iranian economy after the re-imposition of sanctions on the country in 2018, he said that the way Iran engages in talks with these companies once again and finalizes contracts is of special significance.
Shafei said that reliance on petrodollars has to be a redline for the Iranian economy so as to be careful not to return to oil economy once the sanctions are removed.
He noted that oil revenues has to be used for enhancement of infrastructures and improvement of the country’s economy.