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Foreign Ministry Encourages Expatriates To Invest In Iran

Tehran, Aug 21, IRNA -- Foreign Ministry spokesman Hamid Reza Asefi on Saturday called for encouraging Iranian expatriates living abroad to make investment in Iran.

Speaking at a conference on the foreign ministry's programs to help boost foreign investment in Iran, the official said that the foreign ministry is encouraging both Iranian expatriates and foreign investors to embark on investment projects in Iran.

"The world has become inter-related more than ever before and the nations have become interdependent. Iran is keen on economic cooperation with all countries," he said.

"Over three million Iranian expatriates living abroad enjoy large amount of financial resources and taking into account the strong market of Iran and the high rate of proceeds coming from both manufacturing and service sectors, there are wide-ranging incentives for the foreign investors to invest in Iran."

He said that foreign visitors both tourists and businessmen will enjoy facilities in terms of issuing visa. "Foreign businessmen will be provided with 72 hours visa as soon as they make a request with Iranian embassies," he said.

Meanwhile, Deputy Foreign Minister for Asia and the Pacific Affairs Mohsen Aminzadeh said that diplomatic relations in absence of economic cooperation is something meaningless.

He said that the department for Asia and the Pacific at the foreign ministry works for marketing and attracting investment and follows the aim of developing economic cooperation with neighboring states.

"In the equal terms, Iran prefers to develop economic cooperation with neighboring states and regards it as a means to bolster regional and national security," he said.

Aminzadeh said that 70 percent of Iranian oil exports are being channelled to Asian nations which indicate the importance Iran attaches to trade with Asian countries.

"In addition to Turkey, India, Pakistan, Japan and China are Iranian target markets for gas exports. Japan is Iran's first trade partner and China the second. China and India are Iran's major customers of petrochemical products," Aminzadeh said.

In the meantime, Deputy Foreign Minister for Euro-American Affairs Ali Ahani said that there are wide grounds for cooperation of private sector with the European and American partners.

He said that Iranian representation offices in Europe and America have adopted mechanisms to open up credit lines for regulating trade and economic cooperation with the European and American private sector.

Ahani expressed concern about lack of trade balance between Iran and the European partners.

"Unfortunately, Iranian non-oil exports to Europe have failed to reach the target. The Balkan and Latin American countries are the other Iranian targets for development of trade and economic cooperation. They have extensive capacity for import of goods and technical services."

Iranian ambassadors abroad were present in the conference titled "The Second Conference on Iranian Economic Diplomacy".

... Payvand News - 8/21/04 ... --

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