Positive signs of improvement at Iranian industrial units observed

Business Materials 17 October 2019 15:24 (UTC +04:00)

Tehran, Iran, Oct.17


Estimates show that since the beginning of this year, the number of recruited workers in industrial towns has increased, which means a positive sign in the country's production, a member of the Iranian Chamber of Commerce said, Trend reports citing ISNA.

"A review of the state of the country's manufacturing units in industrial towns shows that, unlike last year, there has been a modest improvement despite unilateral and illegal US sanctions,” Mahdi Pourghazi added. “This positive trend has a long way to return the Iran's economy to normal, as the shocks from which various sectors of the economy suffered in the past months require more time to repair.”

The member of the Iranian Chamber of Commerce said that the decline in imports is one of the factors most affecting the conditions of Iranian production units. “The decline has been influenced by two factors, including rising exchange rates, which reduced the economic benefits of imports or even led to smuggling goods, and policies on banning import,” he said.

Pourghazi noted that Iranian goods must compete with foreign products to stay in the market.

“In the absence of foreign competitors in the market, the share of Iranian goods will grow, but if the goal is the economic development, we definitely need to increase the quality of the commodities so that Iranian products can maintain their share in a competitive market ,” he added.