Cooperatives Facing Shortage of Liquidity
IRAN NEWS ECONOMIC DESK
TEHRAN – Head of Iran Chamber of Cooperative Bahman Abdollahi says the major problem on way of cooperatives is shortage of liquidity and it has slowed down activities of the cooperatives in the country.
During meeting with minister of industry, mine and industry, Mr. Abdollahi highlighted major problems on way of activities of the cooperatives sector, adding that in this critical economic condition, the cooperatives sector and private sector can play key role.
He went on to say that although the cooperatives economy has been stipulated in the Constitutions, this sector has been unable to gain its 30 percent of its share from the national economy and in the best and optimistic condition, its share from the national economy may reach 15 percent.
Abdollahi noted that in the current sanctions era and restrictions, the major problem on way of the cooperatives is shortage of liquidity due to the rise in the price of forex and it has increased the problems of activists in the cooperatives sector.
He also criticized the ministry for not issuing license for distribution of tires for heavy vehicles. He added that those tires have been kept in warehouses of the Customs Office for about six months and no license is issued for their distribution.
He also criticized the ministry for constant changes in the regulations which risk investment or trade.
Abdollahi also called for more cooperation between the chamber and the ministry.
