Tehran (IRNA) -- Private sector is expected to make arrangements to boost Iran's share in international trade, chairman of Iran Chamber of Commerce, Industries and Mines (ICCIM) Mohammad Nahavandian said on Saturday.

He said in his address to Conference on 'Iran Economic-Social Development in Partnership with Employers' that 80 percent of Iranian economy run by the government would be ceded to the private sector in line with provisions of Article 44 of the Constitution.
""A new chapter has opened up for national economy through transition from the government's administration to the private sector."" Nahavandian said that the state-run economy has proved insufficient, therefore, the government is expected to seriously implement the constitutional article on privatization.
He called for making preparations in the private sector to undertake administration of national economy and said that the state sector had an arrangement for administration of the economy though it proved unsuccessful.
He recommended that the private sector should initiate competition to develop economy and try to find a foothold in the international market.
He said that the private sector should work in line with 20-Year Strategy for Economic, Social and Cultural Development Plan (2005-2025) to increase Iran's share in international trade.