TEHRAN (ISNA)- Lifting sanctions on Iran would allow French car makers specially Renault and Peugeot to resume their activities in Iran.

The French car-makers are ready to enter the Iranian market after the draft statement signed between Iran and the five permanent members of the UN Security Council plus Germany.

The agreement announced between Iran and western powers was a promising news for French car-makers, because they were severely hit by the sanctions imposed on Iran over its nuclear program. Peugeot left Iran in 2012 found the country the second largest market in terms of volume after France.

A Peugeot spokesman told AFP that the company welcomes negotiations between Iran and western states. Renault, showing similar reaction, called Iran a strategic market.

By ISNA