21:37 GMT +3 hours28 June 2016
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Hassan Rouhani, the President of the Islamic Republic of Iran

Iran Not Chasing US Investment Post-Sanctions President Rouhani

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Following Iran's implementation of its part of the deal to lift sanctions and monitor its nuclear activity, Iranian President Hassan Rouhani said that his country will not pursue the development of economic links with the US.

Iran will not try to develop its economic ties with the US after Washington lifts sanctions against the Iranian economy, Iranian President Hassan Rouhani said on Sunday.

On Saturday the International Atomic Energy Agency (IAEA) announced that Iran has carried out all the necessary measures to enable the implementation of the Joint Comprehensive Plan of Action (JCPOA) Tehran agreed with the IAEA and six countries (China, France, Germany, Russia, the United Kingdom, the United States) plus the European Union in July 2015.

Under the terms of the deal, Iran agreed to limit its nuclear capabilities and submit to IAEA monitoring of its facilities in return for the lifting of economic and financial sanctions.

Following the IAEA announcement, Iran's President Rouhani said that after the US has lifted its sanctions against Iran, which targeted areas of the economy including the financial and banking sectors, energy and petrochemicals, transport and shipbuilding, Iran will not seek investment from the US.

"We didn't have any kind of economic ties with the US and there won't be any," declared Rouhani. 

He explained that beyond negotiations about the purchase of specific goods such as airplanes, nuts or carpets, companies based in the US would not be allowed to invest in Iran.

"If the US wants to invest in Iran's economy or technology they will face particular difficulties. However, of course we are ready to provide certain benefits to those American companies which do not carry out their activities from the territory of the US," said Rouhani.

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Tags:
Joint Comprehensive Plan of Action (JCPOA), sanctions, United States, Iran
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  • Mikhas
  • Dan
    The era of the US doing whatever it likes and getting away with it are over. Many countries have started responding sanction with reciprocal sanctions. The US is as disposable as a plastic cup now. Countries can do, and do better with out American technology and investment.
  • elsa.zardini
    Bright people these Iranians. Thank you Russia.
  • bobwollubi2090
    that is a good move. Iran must also be mindful that it does not fall in the same by having its economy be dominated by countries that do not control their interests.

    furthermore, countries like China and Russia especially must not participate in such atrocity in the name of sanction.
  • Wise leaders in Iran. This cannot be said of America and its allies..
    No don't screw it up, you are a good path for greatness.
  • marcanhalt
    Another hit on those accounts listed on Wall Street in which are 55% of the retirement benefits of Americans. When those accounts reach zero is when the retirees, canes waving in the air, will wage war on Washington for ruining their lives because of its foreign policies.
  • marcanhaltin reply toMikhas (Show commentHide comment)
    Mikhas, Hold that thought, as it may very well turn out to be an Orwellian one
  • FlorianGeyer
    The Persian Empire was vast and originated in about 646 BC with their ancestors having lived in what is now known as Iran for millennia before that.

    The US empire is the result of settlers ,mainly from Europe, migrating to America in about 1600 AD.

    Persia has history and learning going back many thousands of years.
    America has Hollywood history and Wallmart.
  • Mitach2002
    Any nation in its right mind would avoid any dealings with America. The terms and conditions always outweigh any perceived benefits.
  • Here a nice article to read:
    www.whatdoesitmean.com/index1984.htm
  • michael
    why should the expectation be that they would?
  • michaelin reply to (Show commentHide comment)
    nshahhsh, I did enjoy the way that the trueman was involved by placing the event back in dec. :)
  • Mother Gorilla
    Stay away from the American Sheitan, trade with Russia and China and maybe Africa!
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