Course summary (Business in Iran)
The economy of the Islamic Republic of Iran, was crippled by the 1979
Islamic revolution, the Iran-Iraq war, and attendant economic mismanagement.
- the Islamic Republic of Iran ranks 4th on Diversity of agricultural export products in the world.
- the Islamic Republic of Iran is the 2nd manufacturer of Oil and Gas in the world.
- Iran holds 4th to 9th rank in the production of Zinc, Lead, Cobalt, Aluminum, Manganese, and Copper in the world.
- 233 Techno-Engineering projects have been executed in 33 countries by Iranian companies over the last 10 years.
- Industrial commodities make up 70% of non-oil export.
- Import structure consists of 19% capital, 62% intermediated, 19% consumer
products.
- Iran holds the 7th standing in tourist attractions
Iranian petroleum industry is a large developed industry with highly
rated and valuable resources and capabilities with
immense deposits of crude oil from which 130.798 billion barrels can be exploited in the form of primary and secondary recoveries.
Foreign direct investment FDI is allowed
in agreement with the prevailing
laws and regulations of the Islamic
Republic of Iran. All foreign investors are allowed to invest, for the goal of development and producing activities, in all
sectors of industry, mining, agriculture and services. However, from the standpoint of the Iranian government, only those investments
should be eligible to benefit from the privileges and protections under the
Foreign direct investment Promotion and Protection Act (FIPPA) that have obtained the required license under the FIPPA.
The Iran foreign Investment Company (IFIC) was incorporated in March 1998 as a Private Joint Stock company with a mission to manage and expand Iranian holdings abroad.
Example of the course doing business in Iran:
Non-oil exports
of Iran with increase of 47.2% in value reached 16 billion and 300 million and
800.000 USD. The weight of exportable products have been
33.1 million tons which augmented as 48.2% compared to the same period of the
previous year.
Central Bank of the Islamic Republic of Iran (CBI) is responsible for the
conception and implementation of the monetary and Credit policies with due
regard to the general economic policy of
the Islamic Republic of Iran.
The Islamic Republic of Iran Customs Administration consists of a central headquarter and
10 branches of supervision. Customs President serves as Deputy Minister of Finance and Economic Affairs which is the highest position of Customs Administration.
The politics of Iran takes place in framework of a republic with an Islamic ideology. The December 1979 constitution, and its 1989
rectification, define the political, economic, and social order of the Islamic Republic of Iran. It declares that
Shi'a Islam (Shi'ite) of the Twelver school of thought is official religion
of Iran.
Persian (Farsi) is the most broadly spoken language. Persian has had a
significant influence on neighboring languages, particularly the Turkic languages in Central Asia
Esfahan's Mobarakeh Steel is the biggest industrial complex in the Islamic Republic of Iran and has been established and commissioned after the victory of the Islamic revolution and entered into
functional stage in early 1993.
Borders of Iran: Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Turkey and Turkmenistan.
