Foreign companies keen to invest in Iran: Veep

Tehran, April 25, IRNA – Several countries and companies are keen to increase cooperation with Iran, First Vice President Eshaq Jahangiri said on Saturday.

He made the remarks during his visit to a local exhibition of Iranian-made laboratory equipment.

If negotiations result in a comprehensive nuclear deal, foreign companies will not hesitate to come to Iran, Jahangiri noted.

He said that if Iran and G5+1 do not reach a consensus on final deal, Tehran will use other capacities to improve its economy out of recession.

First vice president underlined that governmental units should not import foreign commodities that have domestic substitutes.

Increase of oil revenues in the past led to rise of imports and helped employment of Chinese people, he added.

The official said that Iran’s 50-billion-dollar export should increase as a precondition to economic booming.

He advised the Iranian investors to pay special attention to the neighboring countries’ markets for export.

Jahangiri stressed development of Knowledge-Based Enterprises, adding that

despite sanctions, Iran’s economy is an economy with 200 billion dollars of trade volume.

Officials in both sides of Iran and P5+1 talks, called sanctions relief as the key issue at the latest rounds of talks in Vienna.

Representatives of Iran and the P5+1 group held intensive talks in the Austrian capital on Friday.

The talks in Vienna aimed at drafting the text of the Joint Comprehensive Plan of Action (JCPOA) according to the parameters set through a mutual understanding reached in the Swiss city of Lausanne on April 2.

The new round of talks between representatives of Iran and the P5+1 – the United States, Russia, China, France, Britain, and Germany – lasted three days with the aim of drafting a nuclear accord.

The talks are expected to resume on the sidelines of the nuclear Non-Proliferation Treaty review conference in New York on April 27.