Iran non-oil exports grow positively, hit $12b

Speaking in the first meeting of the Foreign Trade Monitoring Committee yesterday, Hamid Zadboum said that the country exported $12 billion worth of non-oil goods to 17 target countries in the first half of the current Iranian calendar year (from March 21 to Sept. 22).

He stated that the export growth trend in all non-oil commodities and products is positive and with opening a Letter of Credit (L/C) and facilitating export currency, this positive trend will continue.

Easing import process versus export for accelerating repatriation of export currency to the economy of the country was an important move which was approved at the necessary follow up by the Ministry of Industry, Mine and Trade and in cooperation with the responsible organizations at the Government’s Economic Coordination Board.

Secretary of Supreme Council of Promotion of Non-Oil Export pointed to the promotion of export of non-oil commodities to 17 prioritized target countries and put the total value of non-oil products exported to these countries in the first half of the current year at over $12 billion.

Turning to the export growth of non-oil products to Eurasia since Nov. 2019 to August 22, 2020, he said that export of products to five Eurasian countries within the framework of the Preferential Trade Agreement (PTA) registered a 65 percent growth, TPOI chief Zadboum underscored.

He went on to say that the structure of Iran’s preferential trade agreement with Eurasian Economic Union (EEU) should be pursued based on implementing the win-win trade policy and development of trade relations in line with the pre-planned goals.

Zadboum reiterated that development of non-oil exports should turn into a national determination especially for the state organs in the macro level, adding that the U.S. cruel sanctions have created huge opportunities for the country and by removing the domestic challenges all should help the country to materialize forex-earning through these opportunities.