French firms mull investing in Iran projects

September 2017

A large number of French companies have shown interest in investing in Iran›s economic development projects, announced a senior trade official.

French companies are eagerly looking for investment opportunities in the Iranian market, as the country today is in a position to choose from amongst an array of trade offers, Mohsen Rashidi, chairman of the French-Iranian Trade Promotion Center (CPCFI), was quoted as saying in an Iran Daily News report.

He recalled that representatives of a number French companies have visited Iran since the implementation of the nuclear agreement between Iran and the major world powers, known as the Joint Comprehensive Plan of Action (JCPOA).

Rashidi added that under such circumstances, it is possible for Iran to establish effective relations with the world and take advantage of the available grounds to fully expand ties in every sector. He said that before the nuclear deal, the French businessmen used to prefer Qatar to Iran.

Iran and the six world powers (the US, Russia, China, France, Britain and Germany) signed the nuclear agreement in Vienna in July 2015, based on which Iran agreed to curb its nuclear programme in return for lifting the related sanctions.

In relevant remarks in late September, Iran’s President Hassan Rouhani underlined the need for European governments to provide their banks and insurance companies with guarantees for cooperation with Tehran, adding that Iranian companies should also enjoy the benefits of the nuclear deal.

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