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Iran vows to boost ‘resistance economy’

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iran's Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh says no change has occurred in plans to promote the resistance economy in Iran even now that the sanctions have been lifted.

Iran vowed on Sunday that it still wants to promote a self-reliant economy even though the sanctions against it have been lifted and its doors are now open to foreign investors. 

Minister of Industry, Mines and Trade Mohammad-Reza Nematzadeh in a letter to Iran’s Leader Ayatollah Seyyed Ali Khamenei emphasized that the removal of the sanctions has created no change in plans to strengthen domestic industries and enhance their technical capabilities.

Nematzadeh added that his Ministry will continue to consider the guidelines put forward by Ayatollah Khamenei to move toward the establishment of the resistance economy. 

He also said that serious plans have been drawn on the same front which he said will have the creation of jobs and the expansion of non-oil exports as the central themes. 

The nuclear-related economic sanctions against Iran were lifted in mid-January after a landmark deal that the country had sealed with the P5+1 – the five permanent members of the Security Council plus Germany – was officially implemented. 

With the sanctions now lifted, the country will be able to attract foreign investments in various sectors of its economy particularly the oil, the auto and the aviation industries. 

Ayatollah Khamenei in several occasions has emphasized that the sanctions period should be a lesson for the officials to struggle and make the country independent from outside help. To the same effect, he ordered the government of President Hassan Rouhani through an official decree in February 2014 to pursue what he described as ‘the resistance economy’.   

Ayatollah Khamenei in his decree called on the government to secure the utilization of the country’s resources, struggle to promote a knowledge-based economy, take efforts to increase energy consumption efficiency and boost domestic production among several other steps as the requirements for the materialization of the resistance economy.  

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