Analyst talks impact of sanctions on labor market of Iran

Tehran, Iran, Oct.24

Trend:

If the EU plans will become operational in the coming months, the United States will not achieve its aim to shut down Iranian economy, a labor market expert, Hamid Reza Haj-Esmaeili told Trend.

Referring to the impact of sanctions on employment in the country, he said that sanctions have certainly affected the various sectors of the country's economy, one of which is the labor market.

The closure and reduction of the activity of many enterprises in the last year has been quite evident, which has had a significant impact on unemployment, he said.

“But sanctions are 50 percent of the labor market's problem, and most of the problems that exacerbate sanctions pressure are due to domestic mismanagement,” Haj-Esmaeili pointed out.

The impact of the US sanctions cannot be more than 50 percent if the country's resources and potential are used in an effective way, he noted.

"The main purpose of the current US administration is to continue the same goals of the previous administration which was seeking revenge against Iranian people for the revolution of 1979," said the expert.

"We must not forget that these sanctions are imposed only by the United States, not the international community. However, most non-US companies have cut or reduced their ties with Iran in fear of the secondary sanctions by the United States,” he noted.

Referring to the possibility of the protest against economic problems he says that the Iranian people have a lot of awareness about the situation and they are well aware that insecurity in the country will not be beneficial and will even worsen the situation.

"I'm sure there will be no street riots in the country, and the experience of the past year is very well represented," he said.

“Today, in political philosophy, the type of government is not the issue, but its effectiveness is under the magnitude, so if there is a protest, it is related to inefficiency,” said the expert.

“The people and the government of Iran are demanding engagement with the international community,” he said, “We actually can pass this stage by interacting with the global markets and not allowing the United States to mobilize the world against Iran.”

“If European Union operates its financial mechanisms, the stability in the Iranian markets will be achieved. However, the unemployment should not be allowed to increase because it provides for crime, protests, and so on.”

The European Union, Iran, China and Russia have set out a plan - known as a special purpose vehicle (SPV) - to sidestep unilateral US sanctions designed to cripple the Iranian economy and force the Iranians to renegotiate the nuclear deal signed in 2015.

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