# Professor Paul Wachtel discusses the business implications of Iran's nuclear deal

1 Faculty News July 14, 2015 ![CBS News logo](/sites/default/files/styles/246w/public/assets/images/con_031726.jpg?itok=XPqKNXWl)>

Excerpt from [CBS News](http://www.cbsnews.com/news/what-the-iran-deal-could-mean-for-business/) -- ""The potential for opportunities for trade and growth are significant if Iran really opens up to the world,' said [Paul Wachtel](http://www.stern.nyu.edu/faculty/bio/paul-wachtel) of New York University's Stern School of Business. 'It is a country with oil and a well-educated labor force. A large economy like that coming back into an integrated world economic order would be really significant.'

But Wachtel said there's a major 'if' tied to that prospect. 'That integration can only happen if this nuclear deal is part of an Iranian political shift to a broader openness to the world. You need that trust factor that's still not there yet.'"

[Read more](http://www.cbsnews.com/news/what-the-iran-deal-could-mean-for-business/)