September 14, 2019 14:01
News ID: 7454

(Persia Digest) – Iran's Minister of Industry, Mine and Trade, in response to the two French car companies’ commitment breach, said that even if sanctions were lifted, Renault and Peugeot would have no place in the country.

Reza Rahmani, Iran's Minister of Industry, Mining and Trade, told Ilna News Agency about the relationship of Iranian carmakers with the industry giants: "We have to consider some of the leading companies in this industry with a win-win attitude. We should not forget that Renault and Peugeot companies treated us very badly. They acted contrary to their commitments and to any principle of cooperation and commerce. In fact, no partner would treat his associate this way. We told them to leave and never come back, meaning that if sanctions were lifted they would have no place in Iran. They quit despite a ten-year deal with two Presidents of the country; however, we will have better foreign partners by structure reforms in the future.”

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He continued: "We have made legal complaints and we should certainly be paid for the damages and losses.”

According to Persia Digest, Renault and Peugeot in spite of the contracts and commitments withdrew from Iran on the pretext of the US reintroduction of new set of sanctions after its pullout from the Joint Comprehensive Plan of Action (JCPOA).

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