Today, U.S. President Obama announced a deal with Iran to curb the country’s nuclear capabilities in exchange for lifting sanctions on the country. This is a move that could open the door for some U.S. businesses.
According to a report from The Wall Street Journal, Apple and several other companies have been in touch with potentials distributors in Iran. The deal that was reached today doesn’t mean that companies can immediately market and sell their products in Iran, but it does mean that businesses are suddenly very close to operating in the country.
The business opportunities in Iran is something companies have been interested in for some time. In October, The Wall Street Journal reported that Apple and General Electric had been in touch with distributors in the country.
The Journal points out that Iran is a country with more than 77 million people, and today’s nuclear deal would eventually unfreeze more than $100 billion in Iranian cash. This would give more buying power to the country and certainly entice companies hoping to sell their products in Iran.