Iran reviewing foreign investment hurdles, hopes for addressing challenges
Iran’s government spokeswoman said a working group is reviewing the obstacles facing foreign investment in the country, expressing hope that Iran would witness the presence of investors from Europe and other countries in the next few months.
Fatemeh Mohajerani said that there are two categories of countries. One is the member states of BRICS group of emerging economies, in which Iran is also a full member, that interactions with them are reviewed under BRICS, and the other is the non-BRICS countries, such as some European ones.
“In the case of BRICS countries, these obstacles have been largely removed and we are witnessing investment in some projects by BRICS members, but in the case of non-BRICS countries, a working group is reviewing the situation and I hope that in the next few months, with the removal of obstacles, we will witness the presence of investors from Europe and other countries.”
She said Iran enjoys very good relations with the BRICS member countries but this does not mean that it is disregarding relations with the West.
“Iran has very good relations with BRICS member countries, specifically China, India, and Russia, and we will continue to expand economic relations with all three countries. Of course, Iran pursues a balanced foreign policy, and naturally we give priority to the East and neighboring countries. Of course, this does not mean disregarding [relations with] the West,” she said.
The Iranian official pointed to the economic and political agreements reached between Iran and the BRICS countries, which are home to roughly 3.3 billion people and over 40% of the global population. She referred to a comprehensive strategic cooperation treaty which is to be signed between Iran and Russia in the new future to promote relations between the two countries and a 25-year comprehensive strategic partnership agreement reached between Iran and China in 2021 as well as good economic and political relations with India as a sign of Iran’s extended relations with the countries in the East.