Two European insurance firms in Iran
Two European firms have received the license for conducting operations in the country, announced the head of Central Insurance of Iran.
Addressing a ceremony in Tehran on Saturday, Mohammad Ebrahim Amin added that two creditable European firms have been authorized to establish liaison offices in Iran,” Fars News Agency reported.
He noted that after the Geneva accord signed by Iran and P5+1 (the US, Russia, France, China and Britain plus Germany), a large number of foreign insurance companies have applied for operating in the Iranian market.
Iranian officials say the implementation of the US-engineered EU sanctions against Tehran has had no negative impact on the country’s insurance industry since Iran can easily bypass embargos.
Twenty-five insurance companies are active in Iran and all, except one, are privately owned.
Earlier this year, Iranian President Hassan Rouhani has repeatedly underlined his administration’s readiness to forge constructive interaction with foreign companies and facilitate their presence in the Iranian market.
“The government is ready to cooperate with all countries and companies interested in participating in economic activities of Iran with its rich resources and young, educated people,” he said, while addressing foreign ambassadors and heads of diplomatic missions in Tehran.
The president stressed that Iran has vast economic potentials and capacities, and said, “The Islamic Republic of Iran can become one of the superior countries in terms of economy.”
“We are prepared to witness better conditions in the world through constructive interactions with other countries.”
Following the implementation of the Geneva nuclear accord struck by Iran and the six world powers on November 24, the ground has been prepared for further participation of European countries in the Iranian market.
Several European states have so far sent trade delegations to Iran to study the opportunities for widening trade ties with Tehran, while more EU member-states are preparing to send similar delegations to the Islamic Republic.
The largest of such delegations comprised 141 French businessmen and traders who visited Tehran in February.