|Executive bodies should cooperate to attract more foreign investment: official||
TEHRAN - Iranian Deputy Economy Minister Behrouz Alishiri has called for cooperation between executive organizations to attract more foreign investment.
Foreign investment is the best source of fund for a country’s economy, the Mehr news agency quoted Alishiri as saying on Sunday.
The official also called for preparing better condition for foreign investment and offering more incentives to foreign investors.
In May, Alishiri said the Iranian government was working to prepare a comprehensive incentive package for attracting foreign investment by the end of the coming summer.
He said that the package includes all sectors of economy such as free trade zones, communication networks, financial and monetary systems, social and health sectors, etc.
One of the striking developments in Iran in recent months has been the large external capital inflows, mostly in the form of foreign direct investment (FDI), thanks largely to its initial progress in macroeconomic stabilization, improved investment regime, and progress in nuclear negotiations with the five permanent members of the UN Security Council (Russia, China, the U.S., France, Britain) plus Germany.
Iran and the 5+1 group inked a nuclear accord in the Swiss city of Geneva on November 24, 2013. The two sides started implementing the agreement on January 20.
Under the Geneva deal, the six countries undertook to provide Iran with some sanctions relief in exchange for the Islamic Republic agreeing to limit certain aspects of its nuclear activities, including a voluntary suspension of its 20-percent uranium enrichment program.
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