14250
Excessive Imports Criticized
Economy, Domestic Economy

Excessive Imports Criticized

The high levels of import of certain goods during the past few years has caused problems for the economy, said Ali Fazeli, the head of Iran Chamber of Guilds. Lack of proper management over the past years negatively affected the manufacturing sector and the economy was plagued by excessive imports, the Persian daily Ta’adol reported. According to Fazeli, such problems can have direct impacts on Iran’s economic ties with other countries. The official added that after the lifting of western sanctions, manufacturers will be able to expand their activities. Emphasizing that the country faces fundamental problems in supplying raw materials, he said that post-sanction atmosphere will enable the pharmaceutical and medical, as well as industrial sectors to increase the quality of their products and compete with the global players. He stressed that lifting of sanctions and free trade will also dramatically reduce smuggling. Fazeli called for greater involvement of the guilds in decision-making processes.

Short URL : http://goo.gl/r370k8

You can also read ...

The share of Iranian railroads in steel transportation is one-third.
There were high hopes for the Iranian mining industry after...
To moderate bank interest rates, the central bank has established links with the Securities and Exchange Organization.
CBI Governor Valiollah Seif has named the newly-formed cordial...
Interbank Transactions Top $800 Billion
Iranian interbank transactions during the fiscal year to March...
Despite the decrease in inflation rates under President Hassan Rouhani, Iran saw strong economic growth. 
About a hundred days ago, in the heat of the presidential...
New Veep for Economic Affairs
President Hassan Rouhani appointed Mohammad Nahavandian as his...
Amazon, Ebay Purchases Via Third Party Website
A payment facilitation website called ‘Laklak’  (meaning stork...
Tehran to Host 1st Int’l Halal Confab in December
The First International Halal Conference is scheduled to be...
Carpet Exports Exceed $70m in 3 Months
Around $74 million worth of machine-woven carpets were...

Trending

Googleplus