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Official: Government guarantees foreign investment in Iran

Tehran, Sept 7, IRNA -- Head of Iran's Chamber of Commerce, Industries and Mines Seyed Ali Naqi Khamoushi announced that foreign investors can launch economic activities in Iran with confidence and gain the due turnover, given the government's guarantee that no threat will face their capitals.

Speaking at a meeting with his Finnish counterpart in Helsinki on Tuesday, he added that one of the difficulties facing mutual relations is the long distance between the two countries and lack of a direct flight between Tehran and Helsinki.

According to a report released by the chamber's Public Relations Department, he hoped that the growing rate of trade and monetary exchanges between Iran and Norway will soon result in more solid economic ties.

Turning to the measures taken by the government to reduce the production costs and the growing number of consumers, he said that decreasing tariffs and lifting trade barriers are among the steps taken to qualify Iran for membership in the World Trade Organization (WTO).

Explaining the trade situation before the victory of the Islamic Revolution, he said that in the post-revolutionary era, the government remained in charge of the industries and the national commercial affairs due to recession following eight years of Iraqi-imposed war.

"But after the war ended, efforts were made to privatize trade and industries.

"Proper measures have already been taken to give momentum to privatization in various fields, except in heavy industries as well as oil and gas sectors," he added.

For his part, head of Finland's Chamber of Commerce referred to additional points about the markets of both countries and confirmed Khamoushi's remarks.

Meanwhile, head of the board of directors of Iran-Finland Economic Commission declared the readiness of his country for making investments in Iran and participating in joint economic and industrial projects.

... Payvand News - 9/7/04 ... --

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