Source: Islamic Republic News Agency
Ali Tayebnia, proposed as Minister of Economy and Finance by Iranian President Hassan Rohani, said on Sunday that a safe haven in the foreign exchange market is the requisite for better foreign investment. Speaking to IRNA, Tayebnia commented on ways to attract foreign investment and lift barriers to foreign investment and said that the difficulty in international relations affects foreign investment.
He said that over recent years, due to sanctions and economic conditions of Iran three events happened, each considered as a serious obstacle on the way of foreign investment.
The first obstacle is negative propaganda against investment in Iran. Naturally, part of our effort should be focused on presenting a sound image on Iran, introducing it as a good target for investment. Our efforts should be concentrated on easing and removing the negative image of Iran.
He made it clear that lack of assurances make foreign investment vulnerable to variety of risks, so foreign investment undermines. The key to the problem is depicting a safe prospect of foreign exchange market; secondly, through guaranteeing a bright prospect for foreign investment, the investors would somehow get sense of immunity. The third obstacle is the sanctions, which have made transfer of cash to the country so difficult. As a transitional strategy to tackle the problem is bringing capital into the country in the form of machinery and technology. For this we have a number of plans. Of course, tackling problem with sanctions would afford considerable help, It has been taken into consideration in one of the programs offered to the Ministry of Economy and Finance.
As for his plan to support private sector, he said, private sector is the driving force and engine of any economy in any country. Principally, global experience has shown that for any country to attain development, no sustainable growth would be possible in absence of effective presence of the private sector. Presently, to launch any economic activity in Iran, one needs to obtain different kinds of permissions.
The proposed minister said that Iran needs to follow two points in connection with improvement of business opportunities: Dismantling system of obtaining permissions and demonopolizing economic activities.
Easy access to banking credits, taxation amendment, reforms in the insurance system, and ease of customs formalities would be the key to better business in the country, he said.
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