Iran Chamber of Commerce, govt., parliament tripartite committee to counter US sanctions
25 August 2019 - A tripartite committee comprised of Iran Chamber of Commerce, government and parliament is set to be formed to coordinate efforts to counter the US reimposed unilateral sanctions.
A tripartite committee comprised of Iran Chamber of Commerce, government and parliament is set to be formed to coordinate efforts to counter the US reimposed unilateral sanctions.
“Considering the Supreme Leader’s advice, it’s been agreed that a tripartite committee, made up of experts from Iran Chamber of Commerce, parliament and the government will be formed to removed the barriers of the economic war by devising proper solutions,” said Gholam Hossein Shafei, President of Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday.
He made the remark in “Public and Private Dialogue Council (PPDC)” that was held in Karaja Chamber of Commerce, Industries, Mines and Agriculture (KCCIMA).
The US reimposed its economic sanctions on Iran unilaterally last year after Donald Trump Administration withdrew from the nuclear deal also known as the Joint Comprehensive Plan of Action (JCPOA).
The Iranian Supreme Leader Ayatollah Seyed Ali Khamenei named the new Persian Year 1398 “Year of Production Growth” in a bid to rally the country’s youth behind the industrial sector that could cushion consequences of Washington’s punitive measures.
The Iranian private sector has also been trying its best to come up with solutions to keep the industrial sector afloat in the wake of US sanctions.
The tripartite committee could help with facilitating law-making procedures as both parliament and government will have their representatives there.
ICCIMA, as the parliament of the country’s private sector, has a consultative role, according to its law, that is, its decisions are non-binding and are only given as advice to the government.
The Public and Private Dialogue Council is a gathering of government and private sector’s representatives meant to discuss economic challenges and find solutions to existing problems.
The council was formed as part of the Fifth Development Plan (2011-2016) Law, approved on 5 January, 2011. The Finance and Economic Affaris minister presides over it with ICCIMA's president as one of its 28 members.