In a bid to encourage foreign investment in Iran, competition and transparency in the markets are being welcomed by Iranian President Hassan Rouhani, but the Revolutionary Guards do not seem to be of the same opinion. Doing so is going to downplay their hold over the black market in the country. State contracts awarded to them through cronies are also going to be awarded to someone more deserving if a system of transparency were ushered in.
In a speech to mark Iran's Labor Day on May1, Rouhani said smugglers and middlemen are the ones who are to be the ultimate losers because of the regime of transparency ushered in by the deal between the US and Iran. They are the ones who made the maximum profits while trade restrictions were operative on Iran. There is now going to be free trade in oil. The Iranian economy is going to get a boost through the liberation of banking transactions that are to be ushered in thanks to lifting of trade and economic sanctions. The Iranian economy is going to get a boost of energy and vitality from the financial strength it is going to find in foreign markets.
To make all this happen, Iran desperately needs to attract competent management, entrepreneurs with modern skills and the latest technology.
A significant point of contention is the issue when the sanctions acting on Iran are to come to an end. While Iran insists on an immediate removal of all sanctions, the US wants them to be removed in a phased manner after gauging Iran’s compliance with the tenets of the deal.