Control over Iranian imports essential: expert

Business Materials 28 November 2018 19:40 (UTC +04:00)

Baku, Azerbaijan, Nov. 28

By Elnur Baghishov - Trend:

It is necessary to accurately evaluate the current situation when comparing import, export and production statistics in Iran over the past few months, Arman Khalighi, secretary of Iran’s Industry, Mine and Trade House, said in an interview with the Young Journalists Club (YJC).

He said the data and statistics on imports and exports should be accurately analyzed. For example, if exports of raw materials in agriculture increased along with the exports in recent months, this issue cannot be assessed positively, he noted.

He added that if the reduction in imports of raw materials is a consequence of overall decline in imports, it means a decrease in production or reduction in the purchasing power of citizens.

“With the strengthening of sanctions, the future imports will further reduce, and considering the decline in purchasing power of the citizens, they will be oriented towards essential goods,” he said.

Iran should negotiate with oil exporting countries, prevent imports of unnecessary products and seek to import raw materials, he noted.