Jul 12, 2014, 4:23 PM
News Code: 2721025
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Minister acknowledges planning for oil-free economy

Tehran, July 12, IRNA – Minister of Economy and Finance Ali Tayebnia on Saturday acknowledged planning for oil-free economy and said that the government of 'Hope and Prudence' is getting rid of oil revenues in macro-planning for the national economy.

"Even in the aftermath of lifting the sanctions, the government will not go back to the oil-dependent economy."

He made the remarks in his statement to a group of staff of the Organization for Investment, Economic & Technical Assistance of Iran.

Tayebnia said, "The main cause of low economic growth rate of the country and its fluctuations is reliance on the oil revenues."

He said that imposition of the arbitrary sanctions on Iran along with piling up pressures and restricting the country's economic activities had the advantage for the country that indicated the status of the national economy in terms of dependence on oil revenues and the methods of replacing the income.

"Even in the aftermath of lifting the sanctions, we will no longer intend to use oil income as a driving force for the national economy."

Citing the resistance economy policies as declared by the Supreme Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei, Tayebnia said the policies serve as the basis for the planning of the three branches of government and their main goal is to achieve constant, durable, flexible, intrinsic and extrinsic growth.

Though the root-cause of the resistance economy growth is intrinsic in nature, it is extrinsic as well and that's the point the Supreme Leader of Islamic Revolution has made clear.

Elsewhere in his remarks, Tayebnia said to get rid of recession, both supply and demand should be strengthened.

"Promoting export to regional states is a suitable move that would help get rid of recession."

Fortunately, the ground for the job is fully prepared in the neighboring countries , including Iraq, as it has newly cancelled all our country's export restrictions, calling for import of different kinds of goods and services, especially technical and engineering services from Iran, said the minister.

Noting the international atmosphere being already against Iran is now very positive following coming to power of the 11th government.

"The capital owning countries' interest and visit of their nationals to Iran has increased remarkably to the extent that in the first three months of this year, the volume of inbound tourists grew by two-and-a half-times and the hotels will run to their full capacity by end of this summer. There are reliable information that considerable number of the tourists are either foreign investors or their envoys."

As for export of cars to regional states from Iran, he said foreign countries have shown much interest in investment in Iran's auto industry and Iran would open the door for cooperation with foreign investors in the industry to improve quality of the cars manufactured in Iran either through or without partnership of domestic auto manufacturers.

As far as petrochemical industries and the oil and gas related industries and even tourism industry are concerned, Iran is interested in foreign investment, he said.

Tayebnia said that during his visit to Qatar, the investors declared strong willingness to build five-star hotels in different Iranian cities.

He said signs of the growth of Iranian economy and its exit from the recession phase are well observed.

"90 percent growth in production of the car manufacturing industry and tangible growth in the oil and petrochemical industries indicate the facts."

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