Economy, Domestic Economy

Need for Efficiency, Competition

Need for Efficiency, CompetitionNeed for Efficiency, Competition

Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture Mohsen Jalalpour says competition is vital in Iran’s economy in the post-sanctions era. “Now that western sanctions are being lifted and we are bound to join international markets, our efforts should be concentrated on competition and efficiency.” Eghtesad News quoted him as saying. One century on since Iran first intended to industrialize, it still lacks a competitive industry, he said, adding that domestic products do not have a competitive edge over foreign goods “since our economy is premised on support from government.” “We need to create an environment of healthy competition instead of a supportive atmosphere,” he noted. Transition to an oil-independent, resistance economy has been stressed by the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei time and again, he maintained. Resistance Economy refers to a set of guidelines proposed by the Leader to counter sanctions, promote domestic growth and reduce reliance on oil.