Iran's national flags are seen on a square in Tehran February 10, 2012, a day before the anniversary of the Islamic Revolution. REUTERS/Morteza Nikoubazl
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
After a year of disappointment, European businesses are hoping a victory for Hillary Clinton in the U.S. election next week may help break the logjam that has prevented large-scale Western investments in Iran since the opening of its economy. While no one in Europe is predicting a flurry of new deals should Clinton defeat her Republican rival Donald Trump on Nov. 8, a win for the Democrat would remove some of the political clouds hanging over last year's nuclear deal between Iran and world powers.Back in January, when the U.S. and Europe lifted sanctions related to Iran's nuclear program, the excitement in Europe's business community was palpable.Some European firms are already benefiting from the opening of the Iranian economy. Last week French carmaker PSA Group, once the market leader, announced it had produced 105,000 cars in Iran under the Peugeot license in the third quarter, 15 percent of its total sales volume.Etourneau of MEDEF International is also optimistic that Iran's order of 118 jets from Europe's Airbus and a recent joint venture deal between carmaker Renault and Iranian investment fund IDRO will prove a boon for smaller European suppliers.
FOLLOW THIS ARTICLE