‘Iran to focus on boosting domestic production in next 100 days’

TEHRAN, Dec. 12 (MNA) – The Iranian administration will focus on boosting the domestic production sector in the next 100 days, Finance and Economic Affairs Minister Ali Tayyebnia said on Wednesday.

If all the national fiscal and monetary policies are implemented efficiently, the domestic production will be flourished, he added.

He put the priority on facilitating imports and exports and releasing raw materials for the production sector.

Fortunately, the inflation rate has been reduced, he said, adding that all the subsidiaries of the ministry have been mobilized to improve the business environment in the country.

On November 26, President Hassan Rouhani offered an upbeat progress report to the country, one hundred days into his first term and two days after a nuclear deal with world powers in Geneva.

Among the successes Rouhani highlighted were a steep drop in inflation and harmony among the three branches of government since he took office in August.

On November 24, Iran and the six major powers reached a historic deal on Iran’s nuclear program.

In return for the steps that Iran would take under the agreement, “the P5+1 is to provide limited, temporary, targeted, and reversible relief while maintaining the vast bulk of our sanctions, including the oil, finance, and banking sanctions architecture.”

Rouhani has promised reforms that would help in boosting production as part of efforts to kick-start the country’s sanction-hit economy. He has made improving the country’s economy a priority.

By Mehr News Agency


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