Rouhani says no problem with U.S. firms entering Iran

Iran has no problem with U.S. companies investing in its economy and creating joint ventures, Iranian President Hassan Rouhani said in a televised interview on Tuesday in which he urged foreign investment and diversification away from oil.


Major international companies are rushing to establish a position in Iran as it re-opens for business after the lifting of sanctions over its nuclear program. But U.S. companies have held back due to separate U.S. sanctions that remain in place.


"If U.S. companies are willing to come and invest in Iran, to bring manufacturing to Iran, we have no problem with that," Rouhani said in footage aired on state TV.


The president also said he would do everything he could to ensure free and fair elections later this month, heralding a potential clash with a hardline establishment that has barred large numbers of candidates from standing.


Rouhani said Iran has changed its economic strategy and was open to foreign investment as a way to diversify its economy.


"Our strategy is no longer one of the past -- to sell oil & import end products -- but rather to attract foreign investment in order to form JVs (joint ventures)," he was quoted as saying on his English language Twitter account.

Source: reuters




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