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News number: 9104253865

14:09 | 2012-08-12

Economy

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MP: Hosting NAM Summit Can Help Improve Iran's Economy

TEHRAN (FNA)- A senior member of Iran's parliament underlined the need for the Iranian government to make use of the potentials of the 16th heads-of-state summit of the Non-Aligned Movement (NAM) when hosting the meeting, and said such an opportunity should be used for the improvement of the country's economy.



"The potential of the NAM is unique for the Islamic Iran and the country will use its opportunity as the host of the NAM summit to flourish its economy," member of the parliament's National Security and Foreign Policy Commission Avaz Heidarpour told FNA on Sunday.

"The presence of 120 world countries in Iran will certainly leave good effects on the country's economic trend," he said.

"It is expected that economic contracts will be inked between Iran and different states on the sidelines of the conference," he added.

The 16th NAM summit will be held in Tehran from August 26 to 31.

Iran will assume the rotating presidency of the movement from Egypt for three years during the upcoming summit.

NAM is comprised of some 120 member states and 17 observer countries.

NAM is an international organization of states considering themselves not formally aligned with or against any major power bloc. NAM is the largest grouping of countries outside of the United Nations.

NAM member states represent nearly two-thirds of the United Nations' members and comprise 55% of the world population, particularly countries considered to be developing.