Iran Deal: Why Companies Should Not Do Business With Iran
By Philly,July14, 2016
When Tehran reopened for global business after sanctions lifted one year ago, investors scrambled to be first into the last major frontier market opening to the outside world. A top British trade official described it as the “biggest emerging market since the collapse of the Soviet Union”—offering access to a young and educated population, vast oil-and-gas reserves, and industries with huge, untapped potential. Iran capitalized on the excitement by orchestrating a global roadshow to lure would-be investors, hosting a flurry of trade delegations and dispatching its foreign minister to business conferences and other events.