Iran deal presents opportunity for Irish exporters

Iran will soon be open for business, following the agreement reached on July 14 with the EU, US, China, and Russia on cessation of its nuclear programme.

The lifting of economic and financial sanctions offers significant opportunities for market-oriented Irish exporters and investors across a wide spectrum to supply the needs of the demand from 77m young, tech-savvy consumers.

Ireland’s exports to Iran last year were fairly minimal at €46m. The lifting of sanctions should see this rise at least ten-fold, based on the levels of Ireland’s exports to Saudi Arabia which reached €761m last year.