Iran has become a key target for many major foreign investors after cracks began to run up the wall of sanctions imposed on Iran, a senior lawmaker said.
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Kamaleddin Pirmoazzen, a member of the Majlis Industries and Mines Committee, made the remark in an exclusive interview with Mondayˈs edition of ˈIran Dailyˈ.
He added that President Hassan Rouhani’s remarks at the 44th annual meeting of the World Economic Forum in Davos, Switzerland had a positive impact on attracting foreign investments. Pirmoazzen said foreign companies are increasingly willing to be present in Iran’s market since they know very well that the ground is now paved for their presence in Iran and that the country’s market is virgin with ample opportunities for investment.
“The more obstacles and limitations in the way of investment are removed, the more the flow of foreign investment is enhanced,” the lawmaker pointed out, adding this will help boost the economy and create jobs.
He hailed the government for putting together an economic package to combat recession and said the set has been prepared using the views of industrialists from the private sector and economists as well as valuable experiences of other countries in this respect.
“The package provides good solutions to banking issues. The current banking system is not capable of overcoming the problems of job creators, the unemployed, and employees,” Pirmoazzen noted. The MP described the economic package as the government’s ‘master key’ to bolster the economy and production. “Paying enough attention to this package along with maintaining the positive approach in foreign policy will surely stimulate economic growth.”
He added that the government has predicted all necessary grounds for investment in its proposed package including tax cut and import tariff reduction.
Pirmoazzen further urged further government cooperation with other branches of power in the Islamic Republic and the use all capacities at home to draw overseas investment as much as possible.
The legislator also praised the government’s ‘brilliant performance’ in bringing down the ballooning inflation rate of over 40 percent to 22.3 percent after taking office in August last year. “Inflation could fall to under 20 percent by the end of the (current Iranian) year (ending mid-March) following the implementation of the government’s proposed package.”
Pirmoazzen noted that the Foreign Ministry’s constructive interactions with the international community have defused ‘the project of Iranophobia’. /SR
