Iranian economy has to return to pre-sanctions levels next year: Minister

Iran’s Minister of Industry, Mine and Trade Reza Fatemi Amin said on Sunday that the country’s economy has to go back to levels before the imposition of US unilateral sanctions in 2018.

18 October 2021
ID : 33167
Share
Share with
Telegram Whatsapp
Link
Iran’s Minister of Industry, Mine and Trade Reza Fatemi Amin said on Sunday that the country’s economy has to go back to levels before the imposition of US unilateral sanctions in 2018.

Irans Minister of Industry, Mine and Trade Reza Fatemi Amin

Iran’s Minister of Industry, Mine and Trade Reza Fatemi Amin said on Sunday that the country’s economy has to go back to levels before the imposition of US unilateral sanctions in 2018.

Fatemi Amin made the remarks addressing a meeting of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Board of Representatives in the Iranian capital.

The reason for Iran’s forex commitments over the past three years was sanctions on the country and the subsequent reduction of foreign exchange earnings, the minister said.

He however noted that the share of sanctions in the country’s problems is insignificant and the wrong mechanisms play a much more important role.

Fatemi Amin expressed hope that, with the assistance and efforts made by the private sector, the country will have no more problem in forex revenues as of next summer.

He said that Iran will make every effort to have 120 commercial attachés in its foreign mission abroad, also noting that Iran has begun consultations for fully joining the Eurasia Economic Union.

A meeting of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Board of Representatives in Tehran October 17, 2021.

ICCIMA Board of Representatives convened for a meeting on Sunday morning.

Also speaking during the meeting, President of Iran Chamber of Commerce Gholam Hossein Shafei said that Iran’s full membership in Shanghai Cooperation Organization was the most significant political event of the country over the past few months following a landmark strategic deal with China.

He referred to four powers on the four sides of the Shanghai Cooperation Council – Russia in the north, India in the south, China in the East, and Europe in the West – and noted that, given its geo-economic position, Iran can serve as a linking bridge between the four key economies of the Organization which he terms as an emerging new Eurasia.

Comment
Reply to :
= 5-4
Related