An Iranian family takes a selfie on the Tabi'at (Nature) bridge overlooking Tehran on March 22, 2015. AFP PHOTO / BEHROUZ MEHRI
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Isolated from the global economy for the past decade and with a population of 80 million, Iran is a fertile ground for business.The idea is to ensure that Iranian jobs are created and also to make Iranian companies more competitive, said Mohsen Jalalpour, chairman of Iran's Chamber of Commerce and Industries, in an interview in his Tehran office.With oil prices down more than 50 percent in the past year, that still won't be enough for Iran to meet its investment needs or reach its target of sustained 8 percent economic growth over the next five years, said Saeed Laylaz, an Iranian economist whose views are close to those of Rouhani's government.Economist Laylaz pointed to another obstacle: a dual exchange rate – one announced by the Central Bank of Iran and another used on open markets – that complicates operating in the country for foreign businesses.Pirouzan Parvine, a partner in the global law firm Dentons who was involved in advising France's Accor SA in building hotels in Iran, says a key is to negotiate with regard to Iranian customs.
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