(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 21. The most
important issue for the development of Iran's Economy is the
restoration of the Comprehensive Joint Action Plan related to
Iran's nuclear program or the achievement of a new nuclear
agreement, a member of the board of representatives of the Tehran
Chamber of Commerce, Industries, Mines, and Agriculture Mehrad Ebad
told local media, Trend reports.
According to him, the situation is of course even more
complicated if we take into account the current tensions and wars
in the region and the world.
Ebad added that Iran should try to resolve issues related to its
nuclear program step by step.
''The main problem Iranian businessmen face in exporting
products is related to foreign exchange. However, he noted that the
country's internal issues and the sanctions imposed on Iran
contribute to the foreign exchange problem.
“Of course, if a country does not have positive ties with the
world, the private sector will not be able to establish suitable
relationships either. Also, in many cases, clients are not keen to
work with Iran because of sanctions imposed on the country to avoid
international fines,” he said.
Meanwhile, in January 2016, Iran and the P5+1 group (the US,
Russia, China, the UK, France, and Germany) implemented the
Comprehensive Joint Plan of Action concerning Iran's nuclear
program.
In May 2018, the US announced its withdrawal from the deal and
reimposed sanctions on Iran.
By the end of 2020, the Iranian parliament decided to pursue a
strategic plan in the nuclear sector to counter the sanctions,
leading to a suspension of additional steps and the Additional
Protocol as per the nuclear agreement.
Consequently, the International Atomic Energy Agency (IAEA)
faced a reduction in monitoring capabilities by 20–30 percent.
To note, the US imposed new sanctions on Iran in November 2018
in connection with Iran's nuclear program. Since then, the US has
imposed sanctions on over 700 banks, companies, and individuals
that export Iranian oil.
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