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May 16, 2021

H.E. Hamid Moayyer, Ambassador of Iran in Bucharest: After JCPOA historic agreement, Iran’s enormous potential in resolving regional issues has been intensified

On the eve of the 37th anniversary of the victory of the glorious Islamic Revolution which was in essence the victory of light over darkness, I would like to congratulate the resistant and proud people of the Islamic Republic of Iran and all freedom-lovers of the world.

On this day, the people of the great nation of Iran, under the leadership of His Eminence the late Imam Khomeini (PBUH) have succeeded to overcome the political, cultural and economic corrupted system which was the legacy of a half century rule of the corrupt and criminal Pahlavi regime.

The Islamic Republic of Iran, with its unrivaled position in the Middle East and its resistance to storms of insecurity and instability in the region, was considered by all global politicians as the axis of peace and stability for establishing tranquility in the Middle East. After the final nuclear deal named the Joint Comprehensive Plan of Action (JCPOA) in July 2015 between the Islamic Republic of Iran and the 5 + 1 Group and its implementation on January 16th this year, the exploitation of Iran’s enormous potential in resolving regional issues has been intensified.

After JCPOA, the Islamic Republic of Iran has been invited to the international peace conferences on Syria issue in October 2016, and also for the first time they succeeded to reach important agreements to resolve the crisis in Syria. The partnership between Europe and Iran could contribute to further progress in the fight against terrorism as well as to solve the crisis in the large area of Syria and Yemen during 2016.

JCPOA is considered a historic agreement related to the non-proliferation of nuclear weapons, and through the manifestation of the very high strength of the Iranian diplomacy, it proves that even the most difficult problems may be overcome through negotiation and diplomacy.

Even though the sanctions have forced some expenses on our people, but they have also brought interests and created the opportunity to identify our economy’s weaknesses. The dependence of the economy and the state budget on oil revenues was one of our weaknesses. We try to compensate for this disadvantage and reduce the dependence of the government budget on oil revenues, and bring this revenue’s contribution to the budget to less than 30%.

Fortunately, last year Iran’s non-oil balance had a trade surplus, and non-oil exports surpassed the imports to Iran, which is a remarkable situation.

Now with lifting the sanctions, there are many opportunities for the Iranian economy, but we do not intend to use these opportunities in order to strengthen the public sector. In the sixth development plan act, the private sector will be responsible for the key role in Iran’s economy. Improving the business environment and transfer of state-owned enterprises are two of our main approaches in this direction.

The opportunities and advantages for investments on Iran’s market are arising from factors such as enjoying a high level of security, having a population of 80 million people and access to a 400 million people market area, having a convenient geographical location and links, having young, well-educated and skilled labor force, as well as having rich reserves and low energy prices, and also enjoying proper infrastructures.

We intend to present several projects to foreign investors, and some of them are investing in upstream and downstream petroleum industry, petrochemical industry, automotive industry, machine building, pharmaceuticals, tourism and mining. Major governmental enterprises are also on the list of domestic and foreign privatization, and among them are large petrochemical companies, banks, insurance companies and steel factories.

The new atmosphere after JCPOA has put many commercial and economic groups on march towards Iran, and I hope that Romania, which has had a good record on economic cooperation with Iran in the past, will be able to take bigger steps in order to restore these relationships.

I hope that in the future we will witness more achievements from the great nation of the Islamic Republic of Iran, as well as the development of relations in all fields with the Romanian government and its friendly people.

Thank you.

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