TEHRAN, June 24 (Mehr News Agency) – The newly appointed Head of the Chamber of Commerce, Industries and Mines, Mohammadreza Behzadian, said that due to MP’s cautious deliberations in Majlis (Iranian parliament) on passing the new foreign investment law, the issue of attracting foreign investments in Iranian company stocks were not considered.

He believes that there is no established link between Tehran Stock Exchange (TSE) and other exchanges in the region and the world. Behzadian says, “In order to participate in the world market for goods, the country needs to enter into the global capital and money markets too for which the stock exchange is one of the most common routs.”

 

The new head said that should TSE join other stock markets, a lot of investment would pour into the Iranian capital market. He stressed, “The nation’s economy must clearly define its character to investors, business people, and foreigners alike. We must not remain indecisive for good.

 

We have to make it clear whether we follow a closed economy or an open one and what are its mechanisms.”

 

MR/MR

 

News Code 287

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