President Orders Formation of Iran Trade Database

TEHRAN (Tasnim) – Iranian President Hassan Rouhani assigned the new minister of industry to set up a comprehensive database system on trade, saying it would contribute to more transparency and help the fight against corruption and smuggling. Addressing a Sunday meeting of the Administration’s Economic Coordination Headquarters, Rouhani ordered Minister of Industry, Mine and Trade […]

TEHRAN (Tasnim) – Iranian President Hassan Rouhani assigned the new minister of industry to set up a comprehensive database system on trade, saying it would contribute to more transparency and help the fight against corruption and smuggling.

Addressing a Sunday meeting of the Administration’s Economic Coordination Headquarters, Rouhani ordered Minister of Industry, Mine and Trade Alireza Razm-Hosseini to establish a comprehensive database on the supply and distribution chain, including the data on production, exports and imports.

The database should be available to the public, including all managers and economic activists, so that all stages of production, distribution, and the stock of products would be clear, the president said.

Rouhani added that it would prevent harm to the society’s psychological security in the economic sector, would help the fight against corruption and smuggling by creating transparency, and will mark a major step in organizing the economy.

The president also emphasized that all organizations, including the customs office and insurance companies, must join the database.

In August, Rouhani highlighted his administration’s efforts to deal with the economic consequences of the US sanctions and the coronavirus pandemic while economic boom and stability was still high on the agenda.

In June, the Iranian president said Iran has achieved a positive economic growth without reliance on petrodollars and despite being under the pressure of sanctions.