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Iran should establish logical interaction with global economy: minister

TEHRAN, Oct. 9 (Mehr News Agency) - "In order to promote exports, the attention of all officials should be shifted to exports. This requires establishing a logical interaction with the global economy," said Iranian Commerce Minister Seyyed Masud Mir-Kazemi on Monday.

He made the remarks during a ceremony held to commemorate the 80th inauguration anniversary of Tehran Chamber of Commerce, Industries and Mines, adding that considerable capacities have been created in the country during the past 27 years.

Mir-Kazemi also said that there is a surplus capacity to an average 30%-35% of all products, which seems both promising and alarming.

He continued that a proper export plan should be made for this surplus production, noting that if Iranian producers fail to observe the competitive nature of production, they will not stand international adversities.

The commerce minister believes that Iran enjoys a great number of opportunities in the Middle East with their gross product over $1,000 billion and their import rate about $400 billion.

He further noted that the daily improving promptitude, quality and cost price of the products have made it quite difficult to compete in the global markets.

According to Mir-Kazemi if Iran fails to make the domestic products competitive, it will definitely face problems for exporting them.

He said that all welfare and unemployment problems will be solved by improving the exports and added that "presently we usually cannot make a distinction between the market glut and a slump, while we are putting up with a 40% to 60% capacity in many industries."

Elsewhere in his remarks, Mir-Kazemi said that the government should support and strengthen the smaller production units, turning them into export bodies that can efficiently compete in the global markets.

... Payvand News - 10/10/06 ... --

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