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Code: 49430 Visited: 66 Publish Date: May 27 2018 - 5:09
https://goo.gl/CW2iJv
IME
The Parliament Supports IME’s Financial Instruments
Tehran, May. 27 (SENA) - At the ceremony of launching the Saffron future contracts in Iran Mercantile Exchange, the Chairman of Iranian Parliament Economic Commission pointed to transparency, increasing efficiency, optimal allocation of resources and fair pricing through the channel of capital market and IME.

Tehran, May. 27 (SENA) - At the ceremony of launching the Saffron future contracts in Iran Mercantile Exchange, the Chairman of Iranian Parliament Economic Commission pointed to transparency, increasing efficiency, optimal allocation of resources and fair pricing through the channel of capital market and IME.

Mohammad Reza Pour Ebrahimi stated: “The more we take measures in the capital markets and Iran Mercantile Exchange, the more we achieve positive features in the economy. In this regard, we are witnessing a major new and positive new accomplishment in IME every year.

He pointed to the need to reform and revise capital market laws and said: "In the area of reforming the laws and regulations over the past two years, great measurement have been taken and we are ready to consider suggestions related to the Iran Mercantile Exchange, if there are any.

The Chairman of Iranian Parliament Economic Commission emphasized that given the production of 336 tonnes of saffron in the country, it is not worthy to trade only a small portion of it on the IME. In this regard, we should either increase incentives or consider the requirements for the transaction of saffron through this exchange, because the transparency of this exchange will help the activists in this field and the fair price discovery.

He added: "Currently, our method and system to export the product is not a specific, professional and brand-specific method. Also, in the area of products like dates, not only we have lost the export market, but also we have negative competition.”

We Support Saffron Futures

The Member of Parliament stated that, the quality of some of our agricultural products, such as saffron, is not comparable to the world, and we in Parliament have the readiness to provide the groundwork required to develop Iran's top commodity transactions though IME.

At the end of his speech, he said:" It is a pity that we do not use the good economic capacities of the country. Hence, the parliament supports everything that strengthens the capital market, especially financial instruments in the area of commodity markets, and such actions as launching saffron futures is approved by the Parliament.

 

 
By: Security and Exchange News Agency (SENA)
 
 
 
 
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