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Some $600 billion withdrawn from Iran during last 8 years, Iranian MP says

Iran Materials 19 September 2013 16:23 (UTC +04:00)

Azerbaijan, Baku, Sept. 19 / Trend, N. Umid, S. Isayev

Some $600 billions of Iranian assets have been transferred from Iran during last 8 years, Iranian MP Mohammad Reza Khabbaz said, the Islamic Consultative Assembly News Agency (ICANA) reported.


Khabbaz argued that investment in Iran is profitable for foreign investors.

Iranian MP, Ebrahim Nekou stated in a newspaper interview in July of this year, that transfer of funds from Iran has increased due to country's unstable economy. He also said that the money was mainly transferred to neighboring countries, namely Turkey.

In 2008, Iranian MP Ahmad Tavakkoli, some $3 billion are transferred from Iran each year.

On July 6, 2013, deputy Minister of Economic Affairs and Finance Behrouz Alishiri said that Iran offers 100 percent tax exemption for an unlimited period of time to foreign investment in the agriculture sector.

Tax exemption of up to 80 percent is being offered to investments in industry and mining sector, he said, adding that the figure will be one hundred per cent for a period of ten years in underdeveloped areas.

He also argued that the volume of foreign investment in the country has witnessed a remarkable growth.

"Iran attracted $4.85 billion in foreign investment in the last Iranian year (ended March 20, 2013)," he stressed, adding that the figure hit $2.60 billion and $4.60 billion in 2011 and 2012, respectively.

According to the latest world investment report released by the United Nations Conference on Trade and Development (UNCTAD), Iran absorbed nearly $5 billion dollars' worth of foreign investment in 2012, which is 17 percent more than 2011.

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