SHANA - A member of the Iranian parliament said there are no legal barriers for foreign investors in Iran, adding the country enjoys favorable conditions for foreign financiers.

Speaking on the sidelines of IranPlast international exhibition in Tehran on Wednesday, Javad Hosseinikia said, "Iran is a paradise for foreign investors."

He said the fair offers domestic companies a chance to introduce their potentialities to the world and attracts foreign investors to the petrochemical sector.

The 11th edition of IranPlast Exhibition, which kicked off on September 24 and is mounted with as many as 1,124 companies, wraps up on Wednesday.

The fair is organized in the four sections of raw materials, end-used items, semi constructed items, machinery and services.

The exhibitors come from countries like Belgium, Denmark, Germany, Finland, France, Greece, India, Serbia, Italy, South Korea, Austria, Luxembourg, Switzerland, Spain, United Kingdom, Thailand, Czech, Cyprus, Turkey, Taiwan, China, Japan and the United Arab Emirates.