Iran is being wooed by German Industrialists. There is a large potential to make money in the country if the world sanctions against it are lifted in early 2016. Since the agreements were signed in July of this year in which Iran agreed to dismantle its nuclear weapons programme, there is widespread anticipation of the money to be made as barriers are lifted.
A large group of men from Lower Saxony travelled to Tehran in July to establish friendly trading talks with business people. One group of business hopefuls that was required to skip the trip were representatives from Volkswagen because of their corporate crisis.
The German enterprisers are not alone in their quest for new opportunities. They’ve noticed the presence of French, Croats, Italians and Britons in the capital, all looking to find ways to exploit the potential markets.
While the economy of Iran suffered with the sanctions in place, it was not entirely isolated. Some countries quietly ignored the ban on trade and others – India, S. Korea and China took full advantage of the goods gap to gain a foothold in the markets.
While China observed some of the sanctions, they continued to import oil from that country. In 2011 they were importing an estimated half million barrels per day from Iran. China will likely supply the billions needed to build the proposed Iran/Pakistan natural gas pipeline which will facilitate moving LNG to China’s factories. China has supplied consumer goods to Iran as well as established working relationships in the construction. Supplying military hardware and expertise in cybernetics are two more areas that China is ready to exploit.
While the Chinese are ready to step in to tighten relations with Iran, it is not all smooth going for them. The state controlled Iranian TV has commented on the difficulties and expenses that Iran has incurred in its oil exploitation efforts.
"Chinese firms may have squandered some of the best opportunities during the worst sanction days by not being a friend in need," an unnamed CNPC official was quoted as saying in Beijing Press TV
For its part, Iran seems to be emerging as an important player in the turbulent Middle East. They are supporting the Assad regime in Syria with weapons and troops. They have been invited to join the high level talks in Austria to try to achieve a plan to bring about a political solution to the vicious civil war in Syria.
CNPC – China National Petroleum Corporation
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