Iran is a significant regional economy with a large population (79.5 million in 2016), GDP of around US$400 billion, and some of the world's largest oil and gas reserves.
The lifting of many of Australia’s autonomous sanctions on Iran in January 2016 offers new opportunities for Australian business. Austrade considers the following sectors offer early export prospects for Australia:
- agricultural products – especially wheat, barley and sheep meat
- mining and resources – equipment, technology and services
- healthcare and wellbeing
- water sustainability and management
- education and skills training.
More information on doing business in Iran