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Iran has mutual investment agreements with 60 countries of the world
Iran has signed agreements with 60 countries to attract foreign investment and has signed 40 agreements with other countries on avoidance of double taxation, said Minister of Economy and Finance of Iran Shams al-Din Hosseini.
According to the Public Relations Department of the Organization for Investment, Economic & Technical Assistance of Iran (OIETAI) citing the Government's Information Dissemination Center, Hosseini said that "the law of promoting and protecting investment in Iran has been changed in order to further attract foreign investments,” he said, adding that the volume of trade exchange of Iran with other countries is good, which resulted in the increased volume of foreign investment by 124 percent".
The Iranian Minister of Finance and Economic Affairs went on to say that agreements have been signed between the Iranian government and 60 countries of the world in order to mutually support foreign investments and added that such agreements have already been sighed between Iran and all its neighboring countries.
"We have also concluded agreements on the avoidance of double taxation with 40 countries which shows that Iran has a high level of economic and financial transactions with the entire world".
Referring to the fact that Iran's economy is huge and is one of the top 20 in the world according to the real economic indicators, he reiterated: "last year we absorbed investments worth about 3 billion and 700 million dollars which is good but not that good when compared to our overall economy".
Dec 31, 2011 10:12
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