February 13, 2016

"The Joint Comprehensive Plan of Action (JCPOA) agreed on last July by Iran and the P5+1 group of countries, which includes the five permanent members of the UN Security Council and Germany, entered the stage of implementation following confirmation from the International Atomic Energy Agency that Iran has fulfilled the requirements of the nuclear deal. While this development marks a turning point in the normalization of relations between Iran and the rest of the international community, it also points to the dawn of a new era in which the race for getting a larger share of the economic cake in post-sanctions Iran will significantly gain steam. And here, the 'economic cake' does not cover only oil and gas deals, but it also covers the country's large and untapped consumer market, lucrative infrastructure projects, and multi billion dollar public procurement tenders as well."

Read more:

http://www.eurasiareview.com/13022016-china-and-japans-race-for-iran-analysis/

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