Iran Should Reach Nuclear Deal to Revive Economy

Azernews

21 July 2014

The Geneva deal between Tehran and P5+1 along with Iranian president’s reforms have paved the way for revival of the country’s economy.

Due to the reforms in different fields and West’s sanctions relief, the economic indicators of Iran have improved and the inflation and unemployment rate has decreased comparing to previous years.

In addition, the foreign companies, which left Iran because of the international sanctions, have voiced readiness to return.

… Senior fellow at Nanyang Technological University’s S. Rajaratnam School of International Studies, James M. Dorsey also said easing of sanctions would allow Iran to achieve economic growth.

“Real benefits to the Iranian economy will only accrue if and when sanctions get lifted as a result of a successful conclusion of talks to resolve the nuclear issue. Iran has benefitted from a changed attitude towards it and significant anticipation among potential foreign investors. It needs however to clinch the nuclear deal to reap the real benefits,” Dorsey said.

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Last updated on 22/07/2014