Chinese investment in Iran increase 80%; Expert
Head of Iran-Foreign Joint Venture Association Hossein Salimi believes that reducing US sanctions increases foreign investment in Iran.
Speaking to ILNA news agency, the Iranian official told that in previous years, the demand for investment from the Chinese was very low, but this year, the demand for investment from the Chinese has increased by about 80%.
Regarding the effects of Joe Biden's victory, he said "Election of Biden has its impacts on the world and its impact has not been seen on Iran yet while the stock market indexes have grown in Europe and the U.S. but its impact on Iran’s stock market has been negative."
Salimi said that Biden’s election impact on Iran and its economy was transient as the dollar rate fell just for two days and it soared again.
He further said that since the outgoing U.S. President has imposed the maximum sanctions on Iran, it is expected after Democrat’s taking power in the U.S., the sanctions are decreased and the business climate and market moves towards improvement.
He pointed to the possibility of Biden returning to the Joint Comprehensive Plan of Action (JCPOA) and added that the deal was struck under Obama's term and the Democrat party accepts it and it is possible that Biden will return to this agreement."
"The Trump administration has imposed the most sanctions on Iran, and there is hope that sanctions will be eased under the new US administration."
"The sanction is the most important reason for decreasing in foreign investment in our counrty," Salimi confirmed.
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