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Iran to be selective towards foreign partners in post-sanction term

Politics Materials 21 July 2015 18:57 (UTC +04:00)

Baku, Azerbaijan, July 21

By Umid Niayesh - Trend:

Iran will be selective towards its foreign trade partners once the international sanctions against the country are lifted, the Islamic Republic's first vice-president, Eshaq Jahangiri said.

"Some foreign companies see Iran as a market to sell their goods and are planning to dominate the country's market, meanwhile the Islamic Republic will itself pick the companies to work with," Jahangiri said.

Foreign companies that look at Iranian companies as partner to implement joint projects can work in Iran, the official said, Iran 's IRNA news agency reported July 21.

He further said that the foreign companies that make investments in Iran and create jobs would be supported by the administration.

Foreign companies jointly with Iranian partners can supply not only the Iranian and regional markets with their products, but even can sell their products in global markets, Jahangiri said.

Iran will not give up its market to foreigners in the post-sanctions, he emphasized.

Jahangiri also made clear that the government is not going to implement solid control policies on the issue.

After several months of talks, on July 14, Tehran and P5+1(the US, UK, Germany, France, Russia, China ) announced a final accord on Iran 's nuclear program.

The deal is expected to result in the removal of economic sanctions on Iran that have hurt the country greatly.

International companies, in particular, those that work in oil, gas and petrochemical fields are hopeful to find their place in the lush Iranian market once the sanctions are lifted.

Edited by CN

Follow the author on Twitter: @UmidNiayesh

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