MP underscores US economy’s need for interaction with Iran

TEHRAN (Tasnim) – An Iranian parliamentarian described the country’s market as one of the best grounds to attract foreign investment, and stressed that the American companies are in need to have interaction with Iran to save the US economy.

“Like some companies from other countries, American companies can come to Iran and make an investment and save their own and their country’s economy,” Seyed Nasser Mousavi Largani, member of the Iranian Parliament’s Economic Commission, told Tasnim News Agency on Friday.

His remarks came after the US government began a partial shutdown on Tuesday after the Republican-led House of Representatives and the Democratic-led Senate did not agree on an emergency spending bill to fund the government.

The US lawmakers remain at loggerheads over the budget, with Democrats refusing to give in to Republican demands for cuts in President Barack Obama’s healthcare reform — dubbed Obamacare.

The stalemate that has left more than 700,000 government workers furloughed, halted many government services and closed 400 national parks and monuments.

Largani also made it clear that the US government and companies are in growing need of Iran’s market, much more than the extent Tehran might need to imports from the US.

The lawmaker further explained that Iran has managed to stand on its own feet in recent years despite the western sanctions and has become a manufacturer and exporter of the defense items.

“We have no need for US imports anymore.”

On September 7, Iran’s Deputy Defense Minister General Majid Bokayi announced that the value of the country’s defense industry exports has increased by 45% since four years ago to reach a total of $937 mln, compared with $744 mln for the preceding four years.

Speaking in a gathering of high-ranking military commanders and parliamentarians in Tehran, General Bokayi stated that the remarkable surge in exports of Iranian military equipment has been materialized despite the fact that western countries have imposed a series of unilateral sanctions against the Islamic Republic.

By Tasnim News Agency


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