Economy, Domestic Economy
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Export Strategy Criticized

Export Strategy CriticizedExport Strategy Criticized

Future of Iran’s exports is at stake due to the lack of comprehensive, long-term and strategic plan for promotion of export, Gholam Hossein Shafei, the head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture, said on Saturday.

“Iran’s sustained presence in neighboring markets such as those in Central Asia, Afghanistan and Iraq is more dependent on the political issues rather than our purposeful business planning,” he was quoted by IRNA as saying.

Shafei warned that Iran is likely to lose the markets if it lacks proper planning for future steps.

Iran’s business atmosphere is murky and the laws are not really stable, he said, urging authorities to “regulate the economic activities.”

“Exporters believe that the Free Trade Zones, which are basically built to promote exports and facilitate import of modern technologies, should fulfill their duties.”  

The term free trade zone (FTZ) is commonly used as a generic name to refer to any modern economic zone, where business and trade laws are different from the rest of the country.

Shafei also said that new modern technologies will help guarantee development of exports, adding that, “exports will be sustainable when they are coupled with strong manufacturing at home.”

 

Financialtribune.com