Yahya Al-e Eshaq, chairman of the Iran-Iraq Chamber of Commerce, has emphasized that fostering collaboration between the government and the private sector is essential for achieving an annual 8% economic growth envisaged in Iran’s five-year development plan.
Speaking about Iran's economic performance, Al-e Eshaq noted an average growth rate of 4.5% over the past four years. He cited projections by the Parliament’s Research Center, which forecast growth rates of 2.5% for the calendar year to March 2025 and 2.9% for the year to March 2026.
He referred to the government's ambitious goal of 8% economic growth, noting that it involves two components: a 5.2% contribution from investment and production and 2.8% from improved productivity.
Achieving 5.2% growth in investment and production requires a predictable environment for businesses, trust-inspiring regulations, and adequate financing for investments, he said. He also highlighted the need for at least four years of consistent engagement between the government and the private sector as well as fulfillment of governmental commitments.
Addressing productivity growth, Al-e Eshaq stressed the importance of professional workforce development, access to advanced technology, and clear, supportive policies on foreign exchange, taxes, and insurance for producers.
Government must establish economic infrastructure, effective diplomacy, and general conditions conducive to 8% growth, he said, highlighting that coercion or making appeals will not be able to bring any achievement in this regard.
He was certain about the feasibility of 8% growth, arguing that the country enjoys huge economic potential, including skilled workforce, economic facilities, geographic advantages, and financial resources, while facing shortcomings in strategic planning and economic policies.