...

INSTEX works, as Iran sends good message to foreign investors

Business Materials 8 February 2019 10:12 (UTC +04:00)

Tehran, Iran, Feb.8

Trend:

After the launch of the INSTEX (Instrument in Support of Trade Exchanges), Iran's medicine sector has bounced back a little, with Danish Nordisk company making a direct investment in it.

"Given that Iran hasn't violated the nuclear deal, the launch of INSTEX wasn't a special measure, but we must wait and see the realities and assess the current conditions of the country," member of Iran Chamber of Commerce Ali Shariati said, Trend reports citing ILNA.

He added that while the United States and some countries, along with some domestic advocates, are seeking to make people's living conditions harder, setting up this mechanism can help a lot of people.

"After a series of tensions between Iran and Denmark, the arrest of an Iranian diplomat, and withdrawal of this country's ambassador from Tehran, the direct investments from this country into Iran stopped," said Shariati.

However, it seems the situation has changed for the better.

"Following the normalization of relations between Iran and Denmark, and return of the ambassador, and now with INSTEX, the investments have returned, and this is a good message to other foreign investors," he said.

The EU brought sanctions against Iran’s Ministry of Intelligence and two Iranian officials in response to claims last year about Iran plot to kill an Iranian opposition leader in Denmark and to bomb a major opposition conference in France.

Tags:
Latest

Latest