French Firms Worried about Squandered Chances in Iran Market: Official
TEHRAN (Tasnim) – French firms are concerned that their country’s stubborn approach in nuclear negotiations with Iran might have frittered away their business chances as foreign companies are tussling for establishing a foothold in Iran’s market, a French business official said.
“(The) very tough stance has created some aggressive thinking vis-à-vis France and everything that represents France, like our company,” said Carlos Tavares, the chief executive of PSA Peugeot Citroen, Financial Times reported on Sunday.
France was the most demanding party in talks ahead of the nuclear agreement struck between Tehran and six world powers on July 14 in the Austrian city of Vienna.
Back on July 29, French Foreign Minister Laurent Fabius, upon his arrival in Tehran, announced that a “very important” delegation of French businessmen will pay a visit to Tehran in the near future.
Currently, officials of about 150 French companies are visiting Iran, led by Agriculture Minister Stephane Le Foll and Trade Minister Matthias Fekl who are tagged along by representatives of energy companies Total and Technip and plane manufacturer Airbus.
Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program.
The comprehensive nuclear deal between Iran and the six powers would terminate all nuclear-related sanctions imposed on Iran after coming into force.
Experts believe that Iran's economic growth would rise remarkably after the final nuclear deal takes effect.
