Nuclear deal a global opportunity for economic diplomacy: Iran

IRNA – The historic nuclear deal between Iran and the world major powers, beside its political benefits, has provided the world and Iran with the opportunity of economic diplomacy as a way for enhancing peace and security, a senior Iranian official said in New York on Monday.

‘Countries and companies have expressed much interest in economic opportunities the nuclear deal has provided the world, and the eagerness is obvious in the Memorandums of understanding and contracts they have signed,’ Iran’s vice president for economic affairs Mohammad Nahavandian said in an interview with the Islamic Republic News Agency (IRNA).

In 2015, Iran and the five permanent members of the UN Security Council—US, Britain, France, China and Russia—plus Germany signed the nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

Despite the interest, there has been a lack of knowledge and information on Iran’s economic potentials, that can be compensated through economic diplomacy, Nahavandian added describing the diplomacy as one of the most important plans of President Hassan Rouhani’s government in his second term of office.

‘Defining mutual economic benefits between countries and business communities is an effective way of having sustainable relations between nations,’ said the official.

Economy and business can strengthen peace and security between nations, and a country as big as Iran with such a large economy, can provide the world with lots of common interests that can be utilized to enhance global peace and security, Nahavandian added.

Like others, the Iranian community in the US has also shown interest in different economic activities in Iran that can be pursued according to the laws and regulations, said Nahavandian who is accompanying President Rouhani in his visit to the New York where the latter is to address thee 72nd session of the United Nations General Assembly.

Nahavandian also said that during the visit to New York, beside participating in the UNGA meeting, he would participate in some economic forums, including those hosted by the World Bank and the International Monetary Fund (IMF), in order to engage with the world and benefit from the expertise and knowledge of the other countries.