European Firms Size Up Iran’s Post-Deal Potential – Alexandra Hudson
The phone hasn’t stopped ringing at the German-Iranian Chamber of Commerce since six world powers reached a deal with Tehran to curb its nuclear program, opening the prospect that Iran can begin to shake off its economic isolation.
With massive oil and gas reserves, an urgent need to overhaul its creaking infrastructure, and a young population of 76 million, Iran is of particular interest to export champion Germany, once Iran’s largest trade partner. “We are speaking to companies interested in doing business with Iran all day,” said Michael Tockuss, director of the chamber of commerce. Tockuss said there was “not only appetite from Germany. American firms are also very interested.” (Reuters)
See also After Geneva Agreement, Major Foreign Companies Eye Trade with Iran – Zvi Bar’el
Foreign conglomerates are lining up to do big business with Iran, now that the country has won limited sanctions relief in the Geneva nuclear accord signed Sunday. (Ha’aretz