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Mashhad, Khorassan prov, Jan 1, IRNA --- Head of evaluation affairs at the Organization for Investment, Economic and Technical Assistance of Iran (OIETI) Ahmad Jamali said here Wednesday that the period for issuing permits for foreign investments projects in Iran is at most 45 days.
Speaking at a provincial administrative meeting, he highlighted the importance of laying the ground work to attract foreign investments to the country.
Having trade relations, ideas, finding a suitable partner, participation in trade exhibition and fairs and connection with the embassies are steps in attracting foreign investments, he underlined.
Over 70 percent of foreign investments in the country in past decade has initially begun by courting trade ties with other countries, and followed by production ventures, he said.
Jamali said in the period 1975-1978, over 265 cases of foreign investments were initiated through OIETI support and promotion.
He said investments were banned until 1992 and resumed after the ratification of the Free Trade Zones Act. "Over 31 foreign investment projects have been approved and initiated since then," Jamali remarked.
He further said that the objective of the organization is to act as an organ linking domestic and foreign investors.
Iran's Minister of Industries and Mines, Es'haq Jahangiri, had said earlier that the laws, customs tariff exemptions and Iranian government's guarantees for security of foreign investment, are expected to attract foreign capital.
Jahangiri who was speaking at a gathering of German industrialists and managing directors of large firms invited German industrialists and merchants to take part in making infrastructure investments in Iran, and be sure about the security and profitability of such investments, that is guaranteed by the Iranian government.
The minister referred to President Mohammad Khatami's achievements in accelerating the democratic trend in Iran, including encouraging the nation to have a broader presence in political scenes, as well as improvement of Iran's relationship with any country at international level.
He meanwhile referred to the acceleration of privatization trends in Iran, as well as passing laws related to renovation and modernization of Iran's weaving industries, both of which provide golden opportunities for foreigners wishing to make infrastructure investments in Iran.
He also referred to the background of privatization in Iran for the audience, and said that this trend, which is based on a deep-rooted mentality, would never be reversed.
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