Iran Carmakers Offer Rouhani Speedy Peace Dividend After Geneva - Bloomberg:
"Iran’s auto industry may offer President Hassan Rouhani the best prospect of a rapid peace dividend from his nuclear accord with world powers.
Output at Iran Khodro Co., which makes the Runna and Dena models, and other local carmakers slumped after sanctions made it harder to get parts from abroad. The restrictions are set to ease under the nuclear accord reached in Geneva last month. Companies including Renault SA (RNO) showed up at an auto industry event in Tehran as they gear up to do business again with the Islamic Republic.
Carmakers can help Rouhani as he seeks tangible gains from his diplomacy to shore up support. He was elected after campaigning on promises to end Iran’s global isolation and revive its shrinking economy. Critics at home accuse Rouhani’s negotiators of displaying weakness at the nuclear talks."
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