News ID: 264462
Published: 0358 GMT January 17, 2020

Deputy minister: Iran seeking to expand non-oil exports to 15 countries

Deputy minister: Iran seeking to expand non-oil exports to 15 countries

Iran plans to boost exports of non-oil products to 15 countries, as approved by the country’s Supreme Council of Non-Oil Exports Promotion said a deputy minister.

In an address to a ceremony in the central Iranian province of Yazd, Deputy Industry, Mine and Trade Minister for Commerce Hossein Modares-Khiabani added that according to figures by the World Trade Organization (WTO), these 15 countries together purchase $1.2 trillion worth of goods (from all countries) annually, IRNA reported.

In the last Iranian calendar year (which ended March 20, 2019), Iran sold products valued at $24 billion to these states, he noted, putting at $19 billion the country’s exports to the same destinations during March 21-December 22, 2019.

Modares-Khiabani said Iran’s share of annual exports to the members of the Eurasian Economic Union (EAEU), including Russia, Belarus, Kyrgyzstan, Armenia and Kazakhstan, has increased to 59 percent from 55 percent.

He added that currently non-oil exports constitute the major portion of Iran’s annual forex revenues, of which 70 percent have so far been injected into the domestic economy.

The deputy minister stressed that under the present circumstances, when the domestic purchasing power has declined, raising exports can help save the country’s production units.

Turning to Expo 2020 in Dubai, the UAE, during October 20-April 10, he called on production units in Yazd Province, an international hub for exporting minerals, to play a significant role in the exhibition.


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