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September 30, 2015 7:48 am

Rouhani Tells American Managers There Are No Obstacles to US Investment in Iran

avatar by David Daoud

Iranian President Hassan Rouhani. Photo: Screenshot.

Iranian President Hassan Rouhani. Photo: Screenshot.

Iranian President Hassan Rouhani claimed last weekend that there are no obstacles to the presence of U.S. firms in the Islamic Republic or their investment in the country, semi-official state news agency Fars reported on Sunday.

“The post-sanction atmosphere has created new economic and political conditions which should be used by major trade, economic and industrial firms,” Rouhani said at a meeting in New York with managers of American companies, which took place on the sidelines of the U.N. General Assembly.

The Iranian leader also said he was sure that the Obama administration’s restrictions on American investment in Iran would not remain in place.

“Tehran has not impeded the presence of the U.S. firms, and these companies can also use the competitive atmosphere resulting from the post-sanction conditions for investment and transferring technology to Iran,” he said.

American investment in Iran has become more plausible since the signing in July of the nuclear deal known as the Joint Comprehensive Plan of Action between the P5+1 powers and Iran. The JCPoA envisions the lifting of economic sanctions against Iran in exchange for limitations on the country’s nuclear program, allowing for foreign investment in the country.

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