Rouhani administration sees boom in international business arrangements

Business Materials 21 May 2016 11:51

Tehran, Iran, May 21

By Mehdi Sepahvand -- Trend:

The incumbent Iranian government entered office with the aim to improve business relations with the global community and has taken giant strides in that direction, according to Deputy Minister of Industry, Mine, and Trade Mahmud Navabi.

For the post-sanctions era, the government has followed certain goals such as creating a chain of value for products, luring foreign investment in the form of joint venture, easing trade rules, helping entrepreneurship, boosting export and ensuring commitment of companies to exports, gaining greater shares of foreign markets, and relying increasingly on technology, the official told Mehr news agency May 21.

He explained that to explore target markets, the government has dispatched 24 commercial attachés to other countries.

During the Rouhani administration so far, 791 foreign governmental officials in the industrial and trade spheres have visited Iran, Navabi said.

In the meantime, 2,045 private companies have also visited Iran, he stated, adding that 190 memoranda of understanding have been signed between Iranian and foreign companies.

Hassan Rouhani started as Iran's president in 2013 with a promise to lift international sanctions on Iran and heal the economy.