Non-Oil Exports Decline by 47.7%
IRAN NEWS ECONOMIC DESK
TEHRAN – Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Mr. Masoud Khansari says the non-oil exports have plummeted by 47.7 percent in the first two months of the current year and warned the officials to amend their policies.
During the meeting of TCCIMA representatives with Finance Minister, Mr Khansari said the outbreak of the Coronavirus has affected Iran’s non-oil exports, adding that none-oil exports are Iran’s main source of incomes but unfortunately it has been affected with the pandemic condition and the country’s non-oil exports declined by 47/7 percent in the first two months. He added that although the pandemic was the main reason behind this plummet, wrong policies deteriorated it.
He added that consultation with exporters can be a solution but it is paid less heed and many of exporters are thrown out of the export and new faces step into the business and this is the reason for concern.
Khansari noted that whatever the chamber or experts recommend comes under fire and it becomes a personalized matter and it is not a good act.
He added that in the first quarter of the year some 1.4m people have entered the stock market and the figure does not include justice share-holders and it can be a good opportunity.
But he warned the officials to avoid repetition of a mistake which caused the financial institutes’ disgrace as they became bankrupt and the government was forced to compensate.
He also criticized current condition in arbitration which has caused discomfort and concern for the private sector.
He expressed hope that by taking proper measures and policy, the country would come over pandemic effect and materialize the slogan of surge in production.
