Teaching Comparative Government and Politics

Monday, June 27, 2016

Political track and economic track

Iran's supreme leader might be talking like an isolationist Islamist, but businesses seem to be headed in another direction.

Peugeot-Citroen back on the road in Iran with deal to build cars

The French carmaker Peugeot-Citroen (PSA) has announced its return to Iran under a €400m joint venture with its old partner Iran Khodro in Tehran that has been made possible by the lifting of nuclear sanctions.

At the same time, Boeing has confirmed reports it will start selling airliners to Iran following the nuclear accord reached in 2015.

The first cars produced under the PSA venture are set to be sold in February, with the aim of producing 200,000 vehicles a year by 2018.

PSA is the first western carmaker to announce a return to Iran since many economic sanctions were lifted in January when a landmark nuclear deal with world powers took effect…

Iran’s industry and commerce minister, Mohammad Reza Nematzadeh, said more joint ventures were on the way…

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