Ten-fold surge in foreign investment in post-JCPOA era: Spokesman

IRNA – Government spokesman Mohammad Baqer Nobakht on Saturday described investment as a major issue for the country’s development, saying that foreign investment has increased by ten-fold in Iran following the 2015 nuclear deal reached between Iran and six world powers.

Addressing a news conference late on Saturday, he added that investment can have foreign or domestic origin and both of them require conditions which should be prepared.

Referring to over 13 billion dollars of foreign investment made in the country last year, Nobakht said that given the mechanisms the US administration has adopted, bleak prospects are currently surrounding international economic ties but the situation can improve in future.

Ten-fold increase in foreign investment in the aftermath of JCPOA was due to government’s right performance, he said, noting that the government is planning to stimulate stagnant sections through providing facilities to the non-government sector.

Meanwhile, Nobakht described Countering America’s Adversaries Through Sanctions Act (CAATSA) as an unusual method, saying Iran is prepared for reciprocal action thereof.

Supreme National Security Council has assigned a team to monitor the US administration’s political actions and examine contradictions between the Countering America’s Adversaries Through Sanctions Act and JCPOA, he said, noting that Iran will take reciprocal actions after the relevant working group presents reports on its mission.