A senior Iranian business leader has identified lack of trust as the most significant barrier to investment in the country's production sector, underscoring the need for comprehensive economic reforms to boost investor confidence.
Hossein Pirmoazzen, Vice President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), wrote in a recent commentary that despite repeated calls from Iran’s Supreme Leader for economic improvements, the country has failed to achieve key indicators of a dynamic economy. He attributed this shortfall not only to external sanctions but also to domestic challenges.
“Not all of our economic problems stem from sanctions and external pressures; many are internal,” Pirmoazzen stated. “Unless the government and policymakers take serious steps to resolve these issues, they will become further entrenched.”
Pirmoazzen urged lawmakers and policymakers to conduct comprehensive studies free of sectoral biases to identify and address the root causes of weak investment in industry and production. He warned that without a clear strategy, the government’s investment plans would remain ineffective.
“The vicious cycle of contradictory and short-term policies continues to drag the economy and production sector towards decline,” he wrote.
He also called on the government to facilitate rather than hinder private sector participation. “The government should act as a policymaker that enables private sector growth, rather than as a competitor that disrupts production through improper regulations and unscientific policies.”