Tehran, YJC. IME CEO says that Iran Mercantile Exchange has carried out special projects to improve the country’s business atmosphere.
Iran Mercantile Exchange (IME) CEO Hossein Panahian speaking
in a press conference in the Export Hall of the organization in Kish Island
said that IME has played important role in the country’s economy, improving
international relations, and developing national business atmosphere in the
current Iranian fiscal year.
According to IME’s Public Relations and International
Affairs office, the official noted that the Rouhani administration plans
through IME to improve control over the country’s mercantile market.
On the sidelines of the press conference, Panahian also unveiled
IME’s news website at www.imereport.ir.
He said that in line with its missions, IME has improved the derivatives market in line with international exchange markets.
Panahian went on to say that IME derivatives interactions
market along with world exchanges has experienced major changes in the current
year and added IME will be able to launch future contracts interactions for
gold coins.
The official further stated that IME’s membership in IEU,
which took place this year, comes as another step for expanding Iran's trade
relations.
(IEU) an international organization of commodity exchange
consists of Iran, Armenia, Belarus, Kazakhstan, Kyrgyzstan and Ukraine.
He said that the new achievement will enable Iran trades-off
with CIS countries which is the first step for IME and we resolve to utilize
the potential capacity of the IEU for IME improvement in regional and
international exchanges to lessen the cost of trade-off.
The further added that in the next Iranian fiscal year, the
productive preferences of different parts of Iran will be seen to in IME
expansion policy. So, IME has set up representative branches in Anzali,
Golestan, Mashad and Tabriz.
IME’s CEO noted that the accession of Iran to the EU opens a
new direction for the development of Iran's trade with the member states.
He also noted that IME has expanded its geographical
coverage in this year as another major undertaking.
More intensive cooperation with the government, fair pricing
of the imported mercantile, as well as introducing minor customers to the IME
were among other achievements of IME as mentioned by Panahian.
He noted that the IME is able to turn into a center for
price discovering, adding that currently the information of Tar, Ore
interactions are reported in foreign presses as reference.
"The lack of transparency results the local producers fail
to compete with the foreign counterparts,” he said, adding "then, IME has
devised ways discover prices fairly. The entry of foreign commodities to IME
results in improving the quality of local productions, too.
He also stated that in relation to the attraction and
reception of retail customers, IME has laid out a sketch and offered it to the
Securities & Exchange Organization.
According to the sketch, the legal and real retailing
customers will have the opportunity to buy steel, agricultural and
petrochemical mercantile.