Iran to support domestic production through legislation

Iran's parliament has prepared a bill on measures to support domestic

production. Parliamentary deputy Hamdrza Foulagdar said that the project includes

nine points. "The best way out of the current economic downturn is to

support domestic production," Foulagdar said.

Financing local production will be supported by the National

Development Fund (NDF) from oil exports. Last year the NDF gave $3

billion in loans for agriculture and industry, deputy

director of the NDF Mohammad Hosseini-Qassem says.