Azerbaijan, Baku, Oct. 8/ Trend, S. Isayev, N. Umid
Without competition with other countries, Iran's economy will be unstable, as we cannot create a fence around Iran, country's president Hassan Rouhani said, his official website reported.
Rouhani made the remarks during the National Young Elites Conference.
He went on to note that Iran's economy is linked to global economy, adding that country's main income are both oil and non-oil exports.
Iran's willingness to continue its nuclear program, which as the Islamic Republic claims, is peaceful, has caused the Western states to impose various sanctions on it, which have deeply affected the economy of Iran.
Due to sanctions, Iran's export, import, financial sector, banking sector have become limited in activity - something that the current administration of Hassan Rouhani is trying to change by normalizing the relations with the West, namely the United States.
During his speech, Rouhani also spoke of his administration's foreign policy, noting that in 50 days the officials managed to move country's foreign policy 500 days ahead.
"We can resist against powers which threaten our national interests, by not using slogans, but with contrivance," Rouhani said.
It should be noted that certain circles and groups in Iran oppose Rouhani's intentions to normalize relations with the West, however the president said the administration is "proud of its critics".
"Constructive criticism is useful for country's development," Rouhani said, adding that this criticism should exist within the "morality" framework.
Follow us on Twitter @TRENDNewsAgency