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Iranian President criticizes new Majlis ratification on foreign investment

President Mohammad Khatami criticized on Wednesday a new ratification by the Iranian Majlis (Parliament) which obliges the government to make all contracts with foreign companies after receiving permission from the Islamic Consultative Assembly (Majlis), IRNA reported from Tehran.

Regretting ratification of the proposed bill, President Khatami told reporters after the cabinet's meeting today that it was an "innovation" in the history of the Islamic Revolution.

He added the bill would paralyze the government and prevent it from making any progress.

"Approval of the bill is likely to be against the Constitution and identical to interfering with the responsibilities of the executive power by the legislative branch," argued the president.

Representatives of the Iranian Majlis approved generalities of a bill of double-emergency on Wednesday which obliges the government to receive Majlis permission before signing any contract with foreign companies.

The outline of the bill was approved in today's Majlis open session by 108 pros, 79 cons and four abstention votes.

Noting that the bill was against the national interests, president Khatami stressed that approval of such a bill would lead to reluctance of foreign companies to make investment in Iran.

"The bill could have negative results in the long-term and inflict billions of dollars of losses to the country," said the president, expressing his deep regret in this connection.

Minority faction urges President Khatami to cancel or delay trip to Turkey

The minority faction in the Majlis (Parliament) called on President Mohammad Khatami to cancel or postpone an upcoming visit to Turkey due to Majlis's recent ratification on foreign contracts.

In a letter to Khatami, the MPs criticizing the proposed bill on receiving permission from Majlis prior to signing any contract with foreign countries, urged the president to cancel or delay his imminent visit to Turkey.

The faction made the request because it believes that the proposed bill would weaken the power of the government against its partners.

... Payvand News - 9/22/04 ... --

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