Reporting "Asre Bazar", “Delegations from across the world have visited Iran in the past few months in a bid to weigh the situation for possibly boosting bilateral economic and trades ties,” Mehdi Taghavi said in an interview. “That’s a sign that the economy is on the right path, though it takes time for it to fully exit recession.”
Since the implementation of the Joint Comprehensive Plan of Action, inflation has been curbed further and the economy seems to be recovering at a reasonable pace.
“A positive shock can accelerate this process. And that shock is actually the funds which have recently been released after the sanctions relief,” he said, adding that these funds could significantly affect the currency market, causing major foreign currencies to depreciate against the rial.
The economic pundit also praised the government’s new policy to pave the ground for foreign investors, saying that more investment can positively affect the GDP growth pace, especially if officials try to simultaneously boost exports.
Iran has a cheap labor force and abundant raw material, two factors that have made investment very attractive for foreigners.
What the country needs the most now is a peaceful environment that could make investment safe and secure for all, he noted.
Taghavi also urged authorities to help foreigners transfer their capital into and out of the country more feely.
Among incentives provided for foreign executives is the multiple visa entry, which lasts for three years and can be extended.
He also touched upon the recent visit of David Lipton, the IMF’s first deputy managing director, to Tehran, saying that the IMF has a positive outlook on the Iranian economy.