Off the wire
• Top news items in major S. African media outlets  • News Analysis: Economic restructuring offers new opportunities for college graduates  • Chinese, ASEAN foreign ministers to hold special meeting  • Argentine president vows to improve public security  • Commentary: Top-level design will further expand China-Germany cooperation  • Post office on Confucius established in China  • Roundup: Rape case involving Stanford student triggers uproar against white privilege  • Regulator vows more stringent info disclosure, corporate governance for listed firms  • Iran signs deals to sell crude to European firms  • China renews storm alert for the south  
You are here: 　 Home

Iran safe for foreign investments: FM

Xinhua, June 12, 2016 Adjust font size:

Iranian Foreign Minister Mohammad-Javad Zarif said Sunday that the world needs to face the fact that Iran is the most secure and lucrative market for investments, semi-official Mehr news agency reported.

"The enemies such as the Zionists and the Saudi Arabia are making attempts to tell (the international) banks that Iran is not secure for investment, but we must show the realities to the world that Iran is the most secure and lucrative country in the global market," Zarif was quoted as saying.

Iran's financial resources abroad, which had been blocked under western sanctions, have been made accessible and foreign banks are resuming their relations with Iranian banks, he said.

"The reason that certain unjust U.S. sanctions against Iran are still in place is our anti-hegemonic policies," Zarif said, adding that for the same reason the U.S. oppositions and pressures against the Islamic republic will not end.

Since January when Iran nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) was implemented, the international companies have been involved in several rounds of dialogue for cooperation with Iran in diverse areas.

While Iran has announced that it welcomes international investments, particularly in its energy industry, international companies drag their feet to invest in the country since they fear that they may face obstacles due to the sour relations between Iran and the United States as well as complications involved in the money transfer to and out of the country.

The United Sates has still its sanction on Iran over the alleged violations of human rights and supports of terrorism, which Iran denies.

Also, Washington has recently blacklisted some Iranian and foreign entities for being involved in Iran's missile program. Besides, U.S. financial institutions are barred from dollar transactions involving Iran.

These continued restrictions have raised concerns among the international companies that they could fall victim of the U.S. law if they invest in Iran. Endit