WANA (Sep 28) – The head of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture, Samad Hassanzadeh, emphasised the resilience of Iran’s economy in the face of external pressures, stating that although the activation of the snapback mechanism will bring challenges, the private sector is capable of mitigating its effects by leveraging internal capacities.

 

Speaking at a meeting of the Chamber’s Board of Representatives, Hassanzadeh condemned the policies of certain European countries and stated that while the new sanctions will indeed have damaging consequences, “the actual impact of the snapback mechanism is not as severe as its propaganda, though it will undoubtedly have an effect.”

 

He added that despite the psychological pressure created by foreign media, Iran has been engaged in an unfair economic war for years and has accumulated significant experience in managing complex and difficult conditions. “Economic actors and the private sector have never allowed the wheels of production to stop. They have weathered every up and down in production, employment, and entrepreneurship,” he said.

 

Hassanzadeh acknowledged the seriousness of the economic damage the snapback could cause but maintained that Iran’s people and economic actors are capable of rising to the occasion once again, minimising the negative impact through internal strength. “The private sector has the capacity to manage this challenge. However, this should not distract from existing problems in the country’s economic management system,” he cautioned.

 

He stressed that current economic conditions demand that policymakers adopt supportive measures, adding that the Chamber is prepared to take proportionate actions in managing essential goods and key production chains.

 

“As the Supreme Leader has emphasized, we believe that overcoming the current economic situation in Iran requires creating opportunities beyond our borders. At the same time, restrictive trade laws must be reviewed in light of the country’s current economic reality,” he noted.

 

Criticising the Central Bank’s interference in trade policy, Hassanzadeh said, “The private sector is ready to manage international economic relations using available domestic capacities. The Chamber is prepared to take on this responsibility and expects the government to provide the necessary support.”

 

He concluded by referencing the recent 12-day war, saying it demonstrated that “with national unity, even the most complex aggressions can be overcome.” He called for greater solidarity among the people, the government, and the private sector to protect the dignity and strength of the Islamic Republic of Iran.

The head of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture, Samad Hassanzadeh

The head of Iran’s Chamber of Commerce, Industries, Mines, and Agriculture, Samad Hassanzadeh. Social media/ WANA News Agency