Ministry of Industry, Mines and Trade was born in a new structure / stock market space to manage the commodity market
The Minister of Industry, Mines and Trade stated: To manage the market of basic goods, this ministry has chosen the stock market space.
According to Shata, Seyed Reza Fatemi Amin at the opening ceremony of copper futures and certificates of deposit and rebar in the Commodity Exchange, said: “We have focused on three markets, one of which is the market of basic goods, including petrochemical raw materials.” , Steel, copper and cement, etc.
Commodity exchanges provide us with regulatory tools
“Off-exchange supply cannot be regulated, but the Commodity Exchange provides us with regulatory and enforceable tools that can help us regulate the market,” he said.
The economy is neither dictatorial nor abandoned
The Minister of Industry, Mines and Trade, emphasizing that the economy should not be an order, said: “But it should not be abandoned, and the middle ground and the key point is to have criteria for managing and regulating the market, one of the tools of which is the stock exchange.”
Fatemi Amin considered the opening of futures trading in copper and certificates of deposit and rebar in the commodity exchange as two of the tools in this field and continued: “These tools cause transparency, governance and regulation and help the industry in supplying raw materials.” .
Transparency of transactions and laying the groundwork for production with stock exchange tools
He added: “In addition to the transparency of transactions and the basis for policy-making in transactions, these tools also create a good capacity for production.”
The Minister of Industry, Mines and Trade, referring to the elimination of 20 groups out of 30 groups of quotas, said: “Producer inflation has decreased, which promises to reduce consumer inflation and will be effective in the market.”
The condition of handing over 40% of the shares of Janja mine to the people to win the auction
Referring to two good news in the field of mining, Fatemi Amin added: “Janja copper mine has been put up for auction and one of the conditions for winning the auction is to transfer 40% of the shares of this mine to the people, which is the best type of investment.”
He added: “In this type of investment, wealth will be distributed and investment opportunities will be provided for the people and stray money will go in this direction.”
The Minister of Industry, Mines and Trade continued: “This work has started in December, and in January we will auction three mineral packages and in February 6 mineral packages for investment;” Also, small mines should be supplied in the form of several mines together in one package.
The Ministry of Silence is allowed to transfer mines through the stock exchange mechanism
Fatemi Amin also announced: According to Note 7 of the budget of the Ministry of Silence, it is allowed to transfer mines through the stock exchange mechanism.
Regarding the change in the structure and attention to the field of foreign trade in the new structure, he said: “We defined the Trade Development Organization with independence and special powers. we did.
The Ministry of Industry, Mines and Trade was born in a new structure
Minister Samat further stated: The Ministry of Industry, Mines and Trade was born in a new structure, 10 years ago we only had a consolidation and there was no real integration.
Fatemi Amin also stated: The Ministry of Industry, Mines and Trade was not in fact an integrated ministry, there were several departments that have now been integrated.
Noting that 90 projects have been on the agenda for the past three months to improve the situation, he said: “One of them was the reform of the commodity market, and these two tools that were unveiled today were in this area.”
The president has promised to reduce production taxes
Minister Samat also stated: The President has promised to increase the production tax from 25% to 10% and the first step will be taken with a reduction of 5% next year.
In the end, Fatemi Amin stated that he envisions a positive outlook for the future, adding: “We have good synergies with various agencies such as the parliament, the stock exchange, the Ministry of Economic Affairs and Finance and the Ministry of Oil, and we hope these approaches will change the Iranian economy.”