American business began to prepare for the lifting of sanctions against Iran

American business began to prepare for the lifting of sanctions against Iran

Moscow. December 24. The largest U.S. companies, including Apple, General Electric and HP, are preparing for the opening of the Iranian market for Western goods after the abolition of U.S. and international sanctions against the Islamic Republic, writes The Wall Street Journal.

According to the publication, these corporations are already actively working on logon scripts to the Iranian market, are projects of treaties, sending to Iran representatives for negotiating future conditions. Currently direct operations in Iran remain illegal for most U.S. companies, in addition to suppliers of food, medical supplies and aircraft components.

Last week democratic Senator Ben Cardin, a part of the Senate foreign relations Committee, said hearings on the abolition of U.S. sanctions against Iran could begin as early as January.

According to representatives of the Secretary of the Treasury, on the day of the final entry into force of the nuclear agreement on Iran by the corresponding unit of the Ministry of Finance will issue a General permit that allows foreign subsidiaries of American companies to trade with Iran.

“Leading U.S. companies are no longer worried about how to hide the traces of their stay in Iran, suggesting a more significant degree of confidence at the end of the embargo”, – said the head of energy consulting firm Lavoisier Conseil Denis Florent. Based in Paris, Lavoisier Conseil including advising foreign companies seeking to start work in Iran.

The rapid growth of the Iranian market is expected to contribute to the high population of almost 80 million people, most of which are less than 30 years, as well as the increasing share of the middle class and the high potential in the field of energy: in terms of proven oil reserves, Iran is the fourth, and gas reserves – second largest in the world.

Sales of computers, game devices and mobile phones in Iran will jump from $9.5 billion in 2014 to $13 billion within four years, predicts British BMI Research.

However, U.S. companies and their “daughters” have to be careful: if you hurry, fines and other sanctions on the homeland are inevitable, similar to U.S. Treasury.