Iran should cut off government's dominance in trade: official

Business Materials 16 November 2018 20:10 (UTC +04:00)

Tehran, Iran, Nov. 16


In the current economic situation, the private sector should be free of restrictions and the best way is the allocation of public sector activities to the private sector, Chief of Iran's Import Federation Farhad Ehteshamzad told Trend.

"In addition to internal obstacles, including rules and regulations, lack of willingness of foreign investors due to banking and shipment restrictions is among the major setbacks," Ehteshamzad said.

"While trade with Iran is facing unfair sanctions, the removal of restrictions by the government is the best help to the private sector. I believe the import and export activities should be done without the slightest obstacle," he added.

"At a time when we face many problems, we somehow linked the problems of exports and imports. For example, if exporters do not return their foreign currency to Integrated System for Hard Currency Transactions (NIMA), their activities will be categorized as smuggling or if importers do not enter their goods into the market within three months, their items will be considered as smuggled goods," he said criticizing the recent strict rules passed by the government.

“Those regulations will break the private sector.”

"The best way to reduce the government's dominance in trade is to transfer its activates to the private sector,” he said.