Arab Today, arab today foreign carmakers in quest for investment in iran’s auto industry
Last Updated : GMT 12:46:50
Arab Today, arab today
Arab Today, arab today

Foreign carmakers in quest for investment in Iran’s auto industry

Arab Today, arab today

Arab Today, arab today Foreign carmakers in quest for investment in Iran’s auto industry

Tehran - FNA

The Auto Industry International Conference, in a final statement, called for facilitated regulations for the investment of foreign companies in Iran. A preliminary agreement last month between Iran and the six world powers in Geneva allowed for the lifting of some sanctions on the Iranian auto industry. Iran’s auto market as the world’s sixth developing market has attracted the interest of many accredited international auto-makers and parts-makers in resuming their operations in Iran as the potential demand for 1.5 million cars has made inevitable the need for improving the quantity and quality of products as well as diversifying the products in Iran, the statement said. Participants in the conference, a majority of them from the private sector, called on Iran’s new government to prepare appropriate conditions for foreign investment, saying facilitating investment laws and regulations in Iran is among the most important parameters for the development of auto and spare parts industries. They said that due to the positive atmosphere created after the recent agreement between Iran and the Group 5+1 (the five permanent UN Security Council members plus Germany), the private sector active in the auto manufacturing and associated industries in Iran believes that Iran has the capability to turn into a center for production and export of cars and its parts in the region, adding that they welcome all companies which are willing to cooperate with Iran in the regard. The Iranian automakers and auto part-makers also welcomed establishment of new research and development (R&D) centers in cooperation with foreign companies in view of Iran’s competitive market and the need for diversified products with modern specifications. On Saturday, Chairman of the Renault SA (RNO) in Asia-Pacific region Gilles Normand said that the RNO is readying to resume the export of car parts to Iran. "We can start the preparatory work” with suppliers while “waiting for the go-ahead on the possibility to export parts to Iran,” Normand said in an interview with Bloomberg on the sidelines of the Auto Industry International Conference held in the Iranian capital on Saturday. Such a move would require an opening of financial transactions channels with the country, he said. "There is work to be done since the agreement was signed and clarification on the rules is expected around January 2014,” he said. “We are following an extremely pragmatic policy and respect international regulations.” Renault sold more than 100,000 vehicles, amounting to 10 percent of the Iranian market, in 2012, Normand said. He further said that the automaker’s activity in Iran was hurt this year by additional US sanctions against Tehran, which led the automaker to stop the export of car parts in June. Normand said he hoped the six-month accord, seen as a first step toward a final deal, will lead to “new overtures” towards the Iranian market. Iran’s market has “immense growth potential,” he said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign carmakers in quest for investment in iran’s auto industry Arab Today, arab today foreign carmakers in quest for investment in iran’s auto industry

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign carmakers in quest for investment in iran’s auto industry Arab Today, arab today foreign carmakers in quest for investment in iran’s auto industry

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday