Frustrated Europe hopes Clinton win can spur elusive Iran deals

1er novembre 2016 “After a year of disappointment, European businesses are hoping a victory for Hillary Clinton in the U.S. election next week may help break the logjam that has prevented large-scale Western investments in Iran since the opening of its economy. “If Clinton and Rouhani win, then we will have a political window of opportunity that is much bigger than we have now,” said Matthieu Etourneau, who advises French firms on the Iranian market for MEDEF International, the French employers group. “This is what the European banks and companies are waiting for,” he said. Etourneau of MEDEF International is also optimistic that Iran’s order of 118 jets from Europe’s Airbus (AIR.PA) and a recent joint venture deal between carmaker Renault (RENA.PA) and Iranian investment fund IDRO will prove a boon for smaller European suppliers. MEDEF International announced last month it was opening an office in Tehran, its first outside France, to support small and medium sized French firms seeking to enter the Iranian market. “We expect that 20-30 billion euros in public contracts to be attributed by the Iranians before the end of their fiscal year in March,” Etourneau said. “What we are telling companies is that they need a 5-10 year strategy. The market will open up progressively.”” voir l’article