Reportedly Large U.S. Companies Preparing for Business Opportunities in Iran at the Wake of Expected Sanction Lift
The lift of sanctions on Iran could be a bonus for bigger companies like HP Inc, GE, Apple, Schlumberger and more as they get ready to venture into the market of seventy seven million people.
Not willing to get there later than their Asian and European competitors, some of the U. S. companies plan to hit markets in Iran immediately after the sanctions are lifted. Contracts are being drafted and envoys are being prepared to go to Iran says a report.
It is expected that sanctions will eased in the based on the agreement regarding the nuclear programme among Iran, the U. S. and several other nations. The western firms see the young, tech-savvy and educated consumer market as a potential lucrative business ground and thus are eager to grab their share of the market as soon as possible before competitors arrive.
Reportedly, several U. S. companies that are interested in taking their business to Iran are consulting with State and Treasury department officials i order to ensure that the talks with Tehran lead by their non-U. S. subsidiaries are legally protected.
Till now, other than food, medicine suppliers and aircraft-part manufacturers in the U. S are still not allowed to conduct any direct transactions with Iran.
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