As a result of the harsh economic sanctions imposed against the economy of Iran, the economy is suffering greatly and the economy has now turned fragile. Due to this, Iran is facing a high level of inflation and unemployment. Also, oil exports have dropped significantly as a result of the falling economy.
The Government of Iran is trying to revive its economy but all its efforts are going futile. Despite the Iranian Government rejecting claims that the economy is fine, analysts and political observers are of the understanding that the prevailing scenario of Iran’s economy is much worse than it used to be during war fought between Iran and Iraq.
The Ministry of Industries and Mines in Iran collaborated with the Islamic Republic of Iran Broadcasting (IRIB) to conduct a seminar. With the seminar, they planned to address the concerns that arose with fresh rounds of sanctions that were imposed against the economy of Iran. Mohammad Reza Sharif said that they can still make tremendous progress and have a stable economy in place despite the sanctions.
He urged the citizens of Iran to turn the fresh round of sanctions into opportunities and work towards the development of Iran’s economy. He pointed out that the agricultural sector in Iran faced the least inflation as of now and if the farmers of Iran are encouraged, they can contribute significantly towards the revival of Iran’s economy.
The Government of Iran should encourage and concentrate on the needs of local farmers of Iran. This would flourish the local industries and Iran would be able to attain self-sufficiency in the agriculture sector. If self-sufficiency is achieved in agriculture, the sanctions imposed by United States and other Western countries would prove to be ineffective against the economy.
In the recent seminar conducted with IRIB, there were delegates invited from Spain, Germany, South Korea, Italy, Thailand, Belgium, France and Canada, where they showcased their agricultural advances. Iran has 33% of land suitable for farming and farmers are not able to harvest in the entire area due to lack of water sources.