IRAN | MARKET ANALYSIS
dealing with a designated person or entity, whether a certain trade product or material is restricted, and how and to whom payments will be made. It is important to ensure appropriate due diligence measures are undertaken before engaging in any activity. Iran will certainly remain a challenging place to do business and companies should always seek legal advice. However, the increased presence of foreign investors in the country will expand business further; involvement in trade fairs, opening local company branches and establishing Iranian sales partners will all offer good opportunities. One of the main issues for foreign businesses is the ongoing difficulty with payment processing. Only a few international banks are involved in trade with Iran, and there has been no positive development in payment processing in the past year. This has been in part due to American influence. However, it is also the case that Iranian banks have been isolated from the international financial market for a lengthy period and the appropriate international standards are yet to be restored. Much business is performed via intermediaries such as Dubai.
There also remain significant geopolitical risks, which will continue to make investors cautious, while the low oil price will reduce some of the benefit to be gained from the lifting of sanctions. Overall, however, Iran offers excellent market opportunities for the plastics and polymer industries. Many Iranian processors are modernising their machines and plants and plan construction projects. The lifting of sanctions and the government’s strategy to make Iran more attractive for investment should help transform the economy.
Above: The car market in Iran could help boost plastics demand in the country
Fakuma, hall A7, booth 7303 Compact two-platen clamping unit
Fully integrated automation
www.kraussmaffei.com/cx Unparalleled: APC plus for perfect part quality High-performance plasticizing unit
User-friendly MC6 control
Screwless cover
Highly efficient drives of the latest design
Compact. Effi cient. Flexible. Machines in the CX series
Engineering Passion
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62
