Iran’s Economy Cannot Be Fully Constrained by Sanctions, Deputy Economy Minister Says

Iran’s economic policymaking team is pursuing regulatory reforms and broad deregulation measures to facilitate imports, exports and business activity in response to restrictions affecting the country’s foreign trade, Deputy Economy Minister Morteza Zamanian said.

Zamanian, deputy minister for economic policy and strategic coordination at Iran’s Ministry of Economic Affairs and Finance, said the government was simultaneously working to manage the economic and trade repercussions of the restrictions imposed on the country’s external commercial activity.

“Alongside measures being taken in the security, military and political spheres, the government’s economic team is also planning to manage the effects of trade and economic restrictions,” Zamanian said, according to Shada, the ministry’s news service.

He said the Ministry of Industry, Mining and Trade, the Central Bank of Iran and the Ministry of Economic Affairs and Finance had held a series of meetings to coordinate their response. Draft proposals have also been prepared to amend existing laws and regulations and facilitate economic activity, he added.

The proposals are currently going through the approval process, Zamanian said, adding that their adoption would pave the way for broad deregulation aimed at easing trade and supporting businesses, particularly companies engaged in international commerce.
 

Alternative Trade Routes
Zamanian said the government’s measures were also intended to mitigate the impact of restrictions affecting the country’s maritime and air routes.

“The objective is to enable economic operators to maintain their commercial activities under the new circumstances and to ensure that the restrictions have the least possible impact on trade flows,” he said.

He argued that Iran’s extensive land borders and diverse trade routes provide the country with multiple options for maintaining foreign trade.

“Iran, with its extensive borders, is absolutely not susceptible to sanctions,” Zamanian said, explaining that the country’s ability to import and export goods cannot be broadly curtailed in the manner sought by those imposing the restrictions.

At the same time, Zamanian acknowledged that the restrictions could raise the cost of international trade.

“Such circumstances will naturally affect the final cost of imports and exports,” he said, while stressing that the restrictions could not completely halt Iran’s foreign trade.

He said the government’s broader package of measures — including regulatory reform, the streamlining of trade procedures and closer coordination among economic institutions — was designed to preserve the flow of goods and services and allow businesses to continue operating under the new conditions.

News ID 746230

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