Minister: Government should Stop Competing with Private Sector

Published January 16th, 2001 - 02:00 GMT

Iran's minister of industries, Eshaq Jahangiri, called on the government Monday to stop competing with the private sector, and instead, help the privatization process to support the industrial outputs, according to Iran News Agency (IRNA).  

Speaking on an inauguration ceremony for the "Industry House of Tehran Province", Jahangiri said that the government should drop the almost 50 percent taxes on industrial outputs, and provide the industrial sector with easy access to financial resources.  

He said economic development cannot be achieved without industrial development, and Iran is ought to open up to the world economy in a bid to bring about economic development.  

He said that industrial development will help create jobs and eliminate poverty.  

According to the agency, Jahangiri regretted that Iran ranked 151 in the category of 156 countries whose economies were compared in terms of being `open' or `closed' to the global economy.  

He said that the private sector is recognized as the best basis for industrial development and the government should adopt measures to guarantee judicial and social security for the investors.  

According to a study conducted in December 2000 by the Organization for Science and Technology, Iran's present industrial and technological structure has largely been influenced by factors intertwined with the characteristics of the oil sector.  

"Improvement in the oil income in the early 1960s and the early 1970s helped to mitigate the technology constraint on growth by making foreign technologies increasingly accessible," said the study. 

Iran adopted import substitution industrialization policy and used its oil income to buy foreign technologies, said the study -- Albawaba.com 

 

 

 

 

© 2001 Al Bawaba (www.albawaba.com)


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