President of Iran's Chamber of Commerce, Industries and Mines stated Tehran's remedies and views in regard to the global and Asian financial crises.
Mohammad Nahavandian, who was head of the Iranian delegation attending the third Asian Financial Forum 2010, said on Wednesday that unruly globalization of financial markets and the growth of financial markets based on speculations are the main reasons behind the global financial crisis.
He warned the countries not to relapse into another financial meltdown following the current relative improvement in the market.
Nahavandian pointed out the solution to the crisis was to maintain security in the energy sector and stabilize supply and demand based on communication and constructive interaction.
1600 representatives from 30 countries took part in the two-day forum held in Hong Kong.