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Weapons of Mass Destruction (WMD)

Baeedinejad: Investment was subject to fall in absence of JCPOA

IRNA - Islamic Republic News Agency

Tehran, June 21, IRNA -- Senior member of the nuclear negotiating team Hamid Baeedinejad said on Tuesday that UNCTAD 2015 report dates back to the sanctions era and that the investment was subject to dramatic falls in absence of the Joint Comprehensive Plan of Action.

'Based on the statistics released by the UNCTAD, foreign direct investment has been falling since 2012 and this has followed a reverse course thanks to JCPOA,' Baeedinejad said in his telegram page.

He said a look at the UNCTAD statistics over the past few years point more to the arbitrary sanctions Iranian economy was subject to.

He added that based on statistics, as much as $4.662 billion investment was made in 2012 and $3.5 billion in 2013.

Based on the report, direct foreign investment amounted to $2.105 billion in 2014, reaching $2.5 billion in 2015.

He said that today that it can be concluded that if the JCPOA were not implemented, there would be more decline in the figures.

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