Foreign investment in Iran is about one-seventh that of Turkey
President of the Association of Iranian and Foreign Joint Ventures: We could attract 40 to 50 billion dollars of foreign investment annually, but due to sanctions, lack of communication, lack of trade trust, etc., our situation is not favorable.
According to the International Iranian Stone Exhibition, Seyed Hossein Salimi said about the Iran-Europe trade conference that was postponed yesterday: "In such conferences, information about the current trade situation of the country is given to those who want to invest in Iran." This information can attract companies and investors. This conference could have had a good return for the country, but unfortunately it was not held for some reason. The disadvantage of this situation is the economic actors who want to work with Europe and find their business partner.
Regarding the current situation of attracting foreign investment and emphasizing the impact of this conference on it, he said: "This conference could have a positive impact on foreign investment." If the attraction of foreign investment in other countries is 40 to 50 billion dollars or in Turkey is 20 billion dollars, in our country this figure is about 3 billion dollars annually, which is a very small figure. Iran is one of the top countries in the world in the field of gas and electricity, one of the most influential issues in the industry is having the right manpower, we have people who are educated and ready to work. We could attract $ 40 billion to $ 50 billion in foreign investment a year, but our situation is not good because of sanctions, lack of communication, lack of trade trust, and so on.
The head of the Association of Iranian and Foreign Joint Ventures continued: "We were supposed to be able to import through the Instex Fund, which was not possible, it is very limited and is used to the extent of importing medicine."
Emphasizing the role of solving internal problems in attracting investment, he said: "We must be able to solve our internal problems and have economic stability." For example, if someone wants to invest in Iran and sees that today they say that imports should be done in exchange for exports, and two weeks later it will be canceled, they will stop investing in Iran because they do not know under which law and stability they should invest. Economic stability of all countries is 10-15 years and investors know their duty.
Salimi pointed out: This volume of directives issued in recent decades is the cause of economic instability. No group should invest or cooperate economically in a country that does not have economic and political stability. This is a general law and not just about Iran. Anyone who wants to trade with India also wants to know if this is limited to one year or will continue for the next few years. Fewer people will be willing to work when the investor realizes that the laws in Iran can change in a few days.
* ILNA
