Economy, Domestic Economy
0

Call for Reinstating Commerce Ministry

Call for Reinstating Commerce Ministry Call for Reinstating Commerce Ministry

Yahya Al-e Es’haq, the former head of Tehran’s Chamber of Commerce, Industries, Mines and Agriculture, believes the reinstatement of Commerce Ministry is key to solving economic problems in Iran. He rejected the idea that commerce is an unproductive sector in an interview with Khabaronline and said it not only includes activities at the level of trade but also those related to transport services, insurance, banks and new technologies.

“It forms the preceding and following links in the production chain like procurement of raw materials,” he said. “Currently, as little as 25% of focus of the Ministry of Industries, Mining and Trade are directed toward commerce and we should accept the fact that the merger of the ministries was a bad move in the first place.”

The merger of the Ministry of Industries and Mining with the Ministry of Commerce took place in the fiscal 2011-12.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com