Iran accepts foreign investment for agricultural projects
Baku, Azerbaijan, May 28
By Fatih Karimov - Trend: Iran accepts foreign investment for agricultural projects.
Iranian Agriculture Minister Mahmoud Hojjati said attracting sufficient capital for expanding agricultural industries meeting international standards are among priorities of the Agriculture Ministry, Iran's IRNA news agency reported on May 28.
The government has provided all the necessary grounds for the activity of foreign investors in the country, he noted.
He further said that agricultural crop in Iranamounts to 90 million tons annually.
Iran has already offered incentives to foreign investors. The package of incentives covers a wide range of issues; from tax exemptions to providing facilities, Press TV reported.
According to Iranian officials, foreign investors in the agriculture sector will not have to pay any taxes; this is while foreign investmentin the tin industry and mining will be exempted up to 80 percent.
In April, Iranian Deputy Economy Minister Behrouz Alishiri said that the value of foreign investment in Iran has witnessed a remarkable growth of 100 percent in the last Iranian year (ended March 20, 2014).
"The value of foreign investment in Iran last year reached $16 billion which shows more than 100 percent of growth as compared with the year before."
The Iranian deputy economy minister pointed to the influence of the Geneva agreement betweenIran and the six world powers (the US, Russia,China, France, Britain and Germany) in November, and said, "We have held talks with trade delegations from France, Italy and China inTehran, which shows their interest and eagerness for presence and investment in Iran.
He underlined that about 800 foreign investors have entered Iran in recent months.
Edited by C.N.