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Iran's economy not affected by poisonous political atmosphere: Commerce official

Vienna, Nov 25, IRNA-The head of Iran's Chamber of Commerce, Industries and Mines, Ali-Naqi Khamoushi, said here Friday that Iran has dispatched a delegation to four main European states to prove that its economy will not be affected by the current poisonous political atmosphere.

Khamoushi, who was in Vienna on November 22-24 at the head of a trade and industrial delegation, spoke to IRNA on the sidelines of meetings he held with Austrian economic officials.

"We want to prove that this (political) atmosphere will not damage our economic ties with other countries.

"We are determined to inform foreign countries of the new economic situation in Iran as a result of the amendment to Article 44 of the constitution relative to the country's privatization of state-run companies," he said.

He said Iran's private sector and foreign partners can help move forward the economy by harnessing at least 50 percent of investment in the country.

Khamoushi noted that foreign investment can provide much needed capital to Iran thereby removing pressure on the country's foreign exchange reserves and capital of banks to implement development projects.

Asked about the reaction of the Austrian side to claims Iran's economy is suffering from the current political atmosphere, he added that the Austrian economic body expressed willingness to continue its cooperation with Iran.

Austrian businesses voiced their readiness to take part in Iran's private sector projects after they were informed of the country's new economic policies, he said.

Asked what measures had been taken to facilite foreign investment in Iran, he said that a law passed by Majlis three years removes the distinction between an Iranian and a foreign investor.

"According to Iran's new policy on private sector investment, foreigners can invest in all fields as guaranteed by the amendment to Article 44 of the constitution.

Khamoushi praised the good economic relations and exchange of economic delegations with Austria since after the victory of the Islamic Revolution in Iran in 1979.

... Payvand News - 11/25/06 ... --

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