Salehabadi: Exports Should Be Production-Based
IRAN NEWS ECONOMIC DESK
TEHRAN – The CEO of Export Development Bank of Iran says all approaches in the country should be production and export-based and actually change in approach is very crucial.
Speaking on the prerequisites for surge in production this year, Dr. Ali Akbar Salehabadi said all should look at production as a sacred duty because production is the foundation of any economy.
He went on to say that production should be competitive and could be exported to the international markets, adding that on the whole production should be in a way that it both meets the domestic demands and competes with their rivals in the international markets.
Salehabadi further said as the maximum international pressures and sanctions have minimized Iran’s oil exports, the country should provide its necessary earnings and forex via exporting non-oil goods.
He said developing non-oil exports in the current sanctions era is very crucial for the country, adding that to boost exports and for surge in production each organ and ministry has its own task and responsibility.
Salehabadi also said the banking system last year defined a new bond ”Gam Bond” which is a new bond to provide necessary capital for production enterprises. He deplored that this issue has not been detailed and promoted in the country as it could play an effective role in boom in production sector.
He said “Gam Bond” is a plan which manages the liquidity and it has non-inflation impact on the economy for providing enough capital for the production chain.
He added that providing liquidity for producers in the raw material and production sectors will both lead to boom in domestic production and to provide condition for exports of Iranian goods to the international markets.
