(MENAFN- The Arabian Post) With the nuclear deal between Iran and the world powers complete, American business interests are looking for opportunities. But before all the sanctions are lifted, U.S. and global businesses will have to clear plenty of hurdles before they begin investing in and selling to Iran, Voice of America said.
The agreement, which puts strict limits on Iran's nuclear development for 10 years, calls for lifting economic sanctions by the international community.
Suzanne DiMaggio, a senior fellow and director of the Iran Initiative at New America research group in New York, said Iran is a potential market of 80 million highly educated, sophisticated consumers ready for U.S. products and services, but she believes it will take some time for U.S. major corporations to feel comfortable enough to start investing in Iran.
She added, "They will need to see that Iran is working through this agreement and is complying with it. And, they also want to see that there is some stability there."
DiMaggio noted that some key restrictions in the agreement will last 10 to 15 years, or even longer.
"There are elements of the deal that Iran has agreed to in perpetuity, that will go on forever," she said.
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