Why the export jump?

Why the export jump?
  • 2021-02-21
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Spokesman for the Economic Commission of the Majles: In a situation where Iran has lost its foreign exchange earnings due to US sanctions, it is necessary to negotiate with the countries that are Iran's allies, with the right solutions and with the right bedrock through bilateral financial agreements for exports.

According to the Iran International Stone Exhibition, the National Challenge of Export Leap is a major governance competition organized by the Pioneers of the Basij Cooperative Foundation with the aim of developing innovative solutions and identifying the country's export capacities, focusing on completing the value chains of Iran's export advantages.

A group of policymakers, experts and university professors in the field of economics in notes to the Secretariat of the National Challenge of Export Leap examined the reasons for the need for the country to move in the direction of development and expansion of exports and the need for knowledge-based ecological actors to participate in this challenge. The economist and the spokesman of the Economic Commission of the Islamic Consultative Assembly are as follows:

Although the corona has upset all the equations of the world's economic markets, governments are trying to prevent deeper turmoil in their financial situation by properly managing the situation, in which Iran, in addition to the corona, faces complex sanctions and falling oil prices. It must look for a formula that can boost its non-oil exports in the right direction.

On the other hand, the unwillingness of buyers to be faithful to the obligations of previous contracts has caused problems in the supply of foreign currency to domestic markets, which resulted in serious problems and fluctuations in the foreign exchange market and created inflationary expectations for suppliers. However, it seems that the need for non-oil exports should be a priority on the government's agenda in a planned panel.

Bilateral and multilateral treaties must be implemented

Currency purity between importers and exporters, as well as the conclusion of bilateral or multilateral monetary agreements, can undoubtedly increase Iran's trade and reduce exchange rate fluctuations in parallel markets while neutralizing sanctions.

At present, while Turkey has no restrictions on Iran, such as sanctions and dependence on oil sales, it has entered into bilateral monetary agreements with China, which also seeks to regulate its export market, given China's trade position. , Will differentiate Turkey's economic style in the coming years and in addition to economic benefits will also create special political opportunities for the country.

In a situation where Iran has lost its foreign exchange income not only due to US sanctions and oil restrictions, it must enter into negotiations with the countries that are Iran's allies, with the right solutions and with the right bedrock through bilateral financial agreements for exports.

Pathology of past financial contracts

Sanctions that have threatened Iran's economy for years have led to the evaluation of various monetary agreements, including monetary agreements or the use of national currencies in trade between Iran and other countries; But the lack of proper bedding made it inefficient.

 For example, although a monetary agreement was concluded between Iran and Russia, but due to the situation in Russia and the devaluation of the ruble, the two countries were practically unable to use the existing capacity. Although the use of the preferred currency between Iran and Turkey was officially confirmed, but the high volume of Turkish exports to Iranian markets and the inadequate balance of exports between the two countries made this agreement could not be effective. Also, despite the fact that the Iran-Iraq monetary pact has been concluded for a long time, it is a peculiarity of the current economic system with countries that are ready to pursue monetary pacts as a precondition for concluding monetary pacts.

At a time when the major world banks are not willing to transfer financial resources from the sale of oil with our country and the United States has banned them from trading with Iran by imposing fines, and there is no sign of improving Iran's trade relations with other countries. , It is necessary to establish a separate financial system from the current economic system with countries that have already announced their readiness.

Over the past few years, the central bank has been required by parliament to use private financial messengers in bilateral and multilateral cooperation with other countries or unions, using the latest technologies in the world, to The use of distributed architecture, such as blockchain technology and other technologies and indigenous capacities, puts access for foreign banks and financial institutions with Iranian banks on the agenda, but there does not seem to be the necessary speed in creating and laying the groundwork. It is necessary to pay attention to the economic conditions of the country in order to prepare the ground for concluding monetary agreements in the country as soon as possible.

In addition to the specific tasks of the central bank, it is necessary for the government to actively and multilaterally enter the field to get rid of the current situation of active diplomacy and business advisors by evaluating the conditions and pathology of previous agreements to place non-oil exports in a correct and new formula. Take full advantage of all the existing capacities in the parliament and the private sector.

* Tasnim