N-deal to have little economic impact: Daily

Tehran, Nov 30, IRNA - A newspaper on Sunday underscored that Iran’s economy has learnt to bypass sanctions over the past few years. Although it is illogical to deny that anti-Iran sanctions have had no effect on the economy after the West tightened restrictions in the past three years over the country’s nuclear energy program, Iran has still managed to regulate its economy, despite the crippling sanctions, added 'Iran Daily' in its Opinion column. Iran-P5+1 failed to reach a comprehensive deal to end the decade-long nuclear dispute and extended talks for another seven months, which means sanctions targeting the country’s banking system and oil export will remain in place, noted the paper. But that’s not a big deal, as the lifting of sanctions cannot have a remarkable impact on Iran’s economy, highlighted the English-language daily. The US seeks a nuclear deal under which the sanctions would be removed over a relatively long period. As a result, such an agreement would neither have a dramatic effect on Iran nor cause a sudden economic boom, it added. That’s why the Iranian government is handling sanctions through its own way and does not hold out much hope on the outcome of nuclear talks, stressed the daily. The wall of sanctions has already cracked and restrictions cannot put Iran under pressure as they did before, because the Islamic Republic knows well how to evade them, wrote the paper, noting that many countries now want the sanctions to be scrapped. Some experts believe Iran’s economy will get a huge shock in the aftermath of a final nuclear deal or breakdown of talks. But things can be brought under control through efficient management. For tackling any collapse in nuclear negotiations, the best approach is to adopt “Resistance Economy” policies, it suggested. Iran’s annual income is nearly $150 billion and in a worst-case scenario, the figure will not increase. So, it is too simplistic to base all affairs on a nuclear deal, the daily concluded./end