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 “Biden’s victory has had positive effects in the world, but we have not seen such effects inside Iran.
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 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.