Iran Press/Iran News: "By exogenous economy, we mean that we want to work with the world to attract investments to implement projects or to find a way to export our products to their markets and to benefit from their technologies," Eshaq Jahangiri noted at the first meeting of the Resistance Economy Command Headquarters in New Year of the Iranian calendar
"We have to use all our capacities to make our economy resistant to external shocks," he said.
"Fortunately, we have succeeded in dealing with difficult and unprecedented US sanctions that are not even comparable to the first round of sanctions," Eshaq Jahangiri added.
The VP added, "In the first round of sanctions, Iran was allowed to sell, up to one million barrels of oil per day, but now the US is trying to reduce Iran's oil sales to zero."
Referring to efforts to increase productivity and reduce reliance on oil revenues, Jahangiri said, "Based on the experiences, we have focused on implementing projects such as the Persian Gulf Star Refinery to keep the country out of the pressure of gasoline and oil products. This focus was on the endogenous approach of the resistance economy and the elimination of pressure on the country's economic bottlenecks."
The First Vice President then enumerated the measures taken in the extraction of common oil and gas resources in the South Pars and Karun fields and said, "Fortunately, today our extract of these common resources exceeds the neighboring countries or we extract them equally and the progress is based on a focus on resistance economic policies.
Jahangiri also referred to the fall in oil prices to $17 a barrel and noted, "This drop in prices has negative messages for the world and for oil-producing countries, and we need to look at what happens to oil-producing and non-oil-producing countries."
The first vice president stated, "With the shrinking of oil prices, relevant industries such as petrochemical products and metals will also be affected and Iran as the main producer of these products should have the consequences and economic effects of lower oil prices on the prices of petrochemical products and metals."
Emphasizing that the global economy will stagnate in the Corona conditions, and certainly this stagnation will affect the country's economy, he added, "As a result of the global economic recession, countries with high production will be looking for large consumer markets to sell their goods at low prices, in which case we must be careful that excessive imports do not harm the production of such products in the country."
Jahangiri called on the Ministry of Industry, Mines, and Trade to review the effects and consequences of the global recession on the country's domestic products and industries and to make the necessary predictions to reduce the consequences of this global recession.
The first vice president said that the recession in the world economy will also affect the country's foreign exchange resources, noting that the non-oil exports last year amounted to $41 billion and added,
In addition to the export of goods, the tourism sector has attracted about eight million and six hundred thousand passengers and tourists, which has provided amounted to eleven billion dollars earning for the country.
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