File - Iran’s car market is gearing up for a new era in the wake of the lifting of sanctions that had almost choked it.
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Six months after the inauguration of Iran's moderate President Hassan Rouhani, Western diplomats and businessmen are racing to Tehran hoping that a diplomatic thaw will reopen lucrative markets.A landmark agreement reached with world powers on Iran's controversial nuclear program in November has raised hopes that Western sanctions could be lifted on the oil-rich country with a population of 76 million.The number of cars produced in Iran was more than halved between 2011 and 2013, from 1.7 million to just 500,000 .Italian Foreign Minister Emma Bonino visited Tehran in December.Iran is set to resume negotiations with the P5+1 group in Vienna on Feb. 18 .
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