Western economic sanctions against Iran caused Iran a great deal of problems during the past few years.
Embargoes crippled Iran's export and import and led to the freezing of Iran's assets in foreign banks. This both heightened pressure on domestic producers and created a sense of insecurity among foreign investors, thus, making them reluctant to join Iranian projects.
Following July 14 nuclear deal between Tehran and P5+1, hopes of increased trade between Iran and Western countries have significantly grown. Foreign companies have lined up clamoring for access to Iran's 80-million strong market. A large number of MoUs have been signed between domestic and foreign firms since the date.
While countdown has begun for the implementation day of the fruit of the nuclear deal, i.e. the Joint Comprehensive Plan of Action, Iranian and foreign traders have already begun transactions. Nevertheless, there are a large number of countries that view the accord as a threat to their interests and are doing their best to hinder the implementation of the JCPOA.
During the past few days, for instance, Saudi Arabia severed its diplomatic and economic ties with Iran and provoked some other Arab countries against Iran to prevent Tehran from making maximum use of the opportunities it will be provided with in the post-sanctions era.
Some analysts maintain that since annual trade between Iran and Saudi Arabia amounts to $200 million, its severance will not seriously harm Iran.
Iran Daily conducted an interview with Abolfazl Hejazi, the vice-chairman of the legal committee of Iran Chamber of Commerce, Industries, Mines and Agriculture, to gain more knowledge about the negative impacts of this political move on Iran's economy as well as the future of the domestic economy and Iranian producers in the post-JCPOA.
Excerpts of the interview follow: