The impact of lifting sanctions on the economy is the subject of a conversation between Radio Farda and Mehrdad Emadi, an economic expert. In response to the question of what the consequences for the Iranian economy would be if no agreement is reached, Emadi states that the costs of foreign trade and investment for Iran will increase, the value of the national currency will decrease, and we will likely face inflationary pressure. This economic expert believes that the failure to reach an agreement will not have a significant impact on the international economy, as Iran's share of global trade is very minimal. He emphasizes, however, that the Iranian market is important for companies such as Peugeot-Citroën and Siemens. Emadi asserts that Iran's role in the regional economy is significant; he notes that part of the economic boom in countries like Turkey, the UAE, and Qatar has been due to Iran's exclusion from the global and regional economy. He also believes that countries like Russia and Turkey will not be pleased with Iran's return to the economic arena. If an agreement is reached, Emadi predicts that between September and November, the effects of lifting sanctions will gradually become apparent; after February, he anticipates significant contracts in the fields of oil and automotive. Emadi mentions that even an American automotive company might sign a contract with Iran. He believes that lifting sanctions in the oil and gas sector is even more important than SWIFT, as it could create a leap in Iran's economy.
Will the Impact of Lifting Sanctions Show in a Few Months?
Economic expert Mehrdad Emadi discusses the potential impacts of lifting sanctions on Iran's economy, emphasizing that failure to reach an agreement will increase trade costs and inflation. He predicts that if an agreement is reached, the effects will start to show between September and November, with significant contracts expected in early 2024.
👥 Key Players
📰 What Happened
Economic expert Mehrdad Emadi discusses the potential impacts of lifting sanctions on Iran's economy, predicting both challenges and opportunities depending on whether an agreement is reached.
- Failure to reach an agreement will increase trade costs and inflation in Iran.
- If sanctions are lifted, effects could start showing between September and November, with major contracts expected in early 2024.
💡 Why It Matters
📚 Background
Iran has been under various international sanctions for years, primarily due to its nuclear program, affecting its economy and global trade relations.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
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