Hosseini: Foreign investments up by 124%

Minister of Economic Affairs and Finance Shamseddin Hosseini here on Saturday said foreign investment in Iran has increased by 124 percent, thanks to the amendments made in the investment promotion and protection law. Talking to IRNA, He stressed that Iran enjoys appropriate trade transitions with all world counties. He said so far several agreements have been inked with 60 countries on mutual support for joint foreign investments. He said agreements also have been inked with 40 countries on avoiding double taxation. Iran's foreign investments amounted to over dlrs 3.7 billion last year, the minister noted.