China, Europe keen to enhance ties with Iran – official (Exclusive)
Tehran, Iran, July 25
By Kamyar Eghbalnejad, A. Shirazi - Trend:
Deputy director of the Money and Capital Market Commission of the Tehran Chamber of Commerce, Industries, Mines and Agriculture sees huge opportunities for investment in the sectors of medicine, food industry and solar energy amid sanctions concerns.
“Given the current situation, there is huge interest for investment in the sectors of pharmaceuticals, food industry and solar energy as they could not be affected by impending [US] sanctions,” Hossein Salimi told Trend on July 25.
US President Donald Trump withdrew from the Iran nuclear deal in May, and Washington plans to reimpose sanctions on Tehran next month. The first round of US sanctions on Iran goes into effect in August, followed by the ones targeting Iran's oil exports in November.
In the sector of solar energy, European nations have financed and are financing many projects in the country.
“Today, the countries which are not that active in the US or not present in the American market are seizing investment opportunities in Iran,” Salimi said.
Since Trump’s pullout from the deal, also known as the JCPOA, investment licenses worth $20 billion have been issued, the official noted.
“The licenses, which have seen a declining trend recently, could be extended for six months”, he said.
Salimi said China and Europe have voiced readiness to enhance cooperation with Iran.
The expansion of ties hinges upon addressing banking issues, he concluded.