Iran is home to the world’s fourth largest oil and second largest gas reserves. The Iranian plateau’s geographic location makes exporting oil and gas from the Caspian Sea an economically viable alternative.
Iran is home to nearly 80 million people with a median age of 28. Internet penetration and smartphone users are increasing exponentially, with the number of smartphones exceeding 12 million. This, and the combination of an educated population with internet access has made Iran a fertile landscape for today’s global market.
Iran has been described as one of the greatest untapped emerging markets, should sanctions be lifted. It also holds the world’s eighteenth largest economy (PPP), giving Iran the potential to become a valuable partner to American businesses.
Making Up for Lost Time
The National Iranian American Council (NIAC) reported that from 1995 to 2012, the US had lost $134.7 – $175.3 billion in potential export revenue to Iran. On average, the lost export revenues mean 51,043 – 66,436 lost job opportunities each year.
Iran World Trade Center