Iran has fully complied wit its commitments under the last year’s landmark nuclear agreement, but eight month after the official removal of sanctions, the West is failing to deliver on it’s promises, the Iranian vice President told the Guardian. Western bank don’t accept payments from Iran; they do not trust the Iranian banking system. This issue has prevented Iran from capitalizing on the interest shown by Western business in returning to the country or finalising lucrative deals with the West, such as the purchase of planes from Boeing and Airbus.
Above phrase was from a local Iranian newspaper.
I saw local Iranian companies struggling with their approach towards Western partners. Can we trust these people; are they going to deliver what they are promising? Western businessmen are concerned about payments; Western banks are not even accepting payments from Iran.
It’s clear that Iran is a challenging country for Western companies; the market is big and there is a lot of demand. Due to a long tradition of sanctions and mistrust there is still along way to go on both sides of the border. Relations has to be established and trust has to be built.
Visiting Iran, meeting and talking to potential business partners is a way to make progress.