TEHRAN (Iran News) – Deputy Head of Commission on Industries and Mines of Majlis says Chinese and Russian companies have announced their readiness for financing projects in Iran, reiterating that those companies which left the country after the U.S. sanctions will not be allowed to easily enter Iran’s market.
Speaking to ILNA, Ali Jeddi said that the relation with those companies which left Iran after the U.S. sanctions will not be like before and Majlis will not get past it easily and it will not let all concessions be awarded to them without getting required guarantees.
On the condition of return of foreign companies which left the country during the sanctions, he said that the behavior of statesmen and Majlis with those companies will not be like before and it is not acceptable that they find again Iran as a consuming market and whenever they like they can go and return.
He added that the commission is working on taking proper strategy for dealing them and the related ministries will be also urged to have proper decision because removal of sanctions is predictable.
Jeddi said that after the JCPOA, those companies made hype for return to Iran market but as soon as the U.S. left the JCPOA, they left Iran market.
He noted that the home appliances sector is very important because during the sanctions the country almost became self-sufficient and if this industry is left alone, then Korean, Chinese or other foreign products would dominate the market.
He also said if in the vehicle sector there is no proper management, foreign cars may flood into the country and it will harm the domestic production, reiterating that using foreign capacity should not harm domestic production.
Jeddi then pointed to the activities of Chinese and Russian companies and said those companies have voiced readiness for financing projects in Iran, adding that some European countries have also said are ready to sign with Iran similar contracts like Iran’s with China. He reiterated that there should be different dealing between those countries which continued to cooperate during the sanctions with those which left.
He said French car-makers Renault and Peugeot created headaches for the country when they left due to the sanctions and it will not be ignored.
On the rise in prices and the probable surge in prices, he said he does not believe the country is facing with the wave of rising prices but some events are happening which are effective on the prices , adding that if these events are positive and sanctions are removed, definitely the prices will be balanced and even they may fall but if there is no agreement on the JCPOA, it may lead to a wave of rise in prices and the market is waiting for it to show its response.